Tax Audit and Accounting Services in Toronto, Canada
Our CRA Audit Services team Toronto will assist you in making sure your personal and company is in compliance with the CRA. We will help you navigate through all the requirements and make sure you understand your obligations to the CRA. We will help you make sure your business is operating within the rules and regulations set by the CRA.
We provide CRA audit and accounting services for businesses and individuals in the areas of audit, tax, accounting, and business advisory services in Toronto and the Greater Toronto Area.
We are committed to providing a high level of service to our clients. We take pride in our work and our reputation. We know that our clients’ success is our success.
What is a CRA Audit?
An audit is when the Canada Revenue Agency (CRA) looks through your financial books and records to make sure everything is in order. The primary objective of an audit is to determine whether or not your tax returns accurately reflect all of the income, revenue, and expenses that should have been reported during the tax year that is being audited. If they do not, the audit will fail. The CRA audits are also used to identify potential fraud or tax evasion.
An audit by the Canada Revenue Agency (CRA) is an unwelcome interruption; however, apart from the inconvenience that it causes, there are a number of other significant considerations that come into play during an audit. An investigation is being carried out by the Canada Revenue Agency (CRA) to identify unreported income as well as other areas of non-compliance. If your audit is not handled properly, the process can quickly escalate, resulting in significant personal and financial consequences for you and possibly even your family. If your audit is not handled properly, it is possible that your family will also be affected. It is possible that your family will be affected if the manner in which your audit is handled is not handled properly.
With the assistance and direction of experienced tax professionals, your tax problem will be resolved as quickly and effectively as possible. These professionals will also ensure that the resolution produces the best possible result during the process. We will advocate on your behalf before the CRA to ensure that your rights are respected in their entirety and that the auditing procedure is carried out in an appropriate manner. We will also ensure that your rights are respected in their intended context.
Being audited can feel intrusive and unfair, and we at Bomcas Canada understand that feeling. However, it is important to refrain from reacting rashly because the repercussions can be quite severe. To ensure that your audit is conducted efficiently and that your rights as a taxpayer are respected, our primary focus will be on ensuring that you are adequately supported and properly represented throughout the entirety of the process.