CRA Audits Services
Understanding CRA Audits: A Complete Guide By BringYourBooks
Both businesses and individuals often find it challenging to understand and follow tax rules. One common source of uncertainty is the possibility of a CRA audit.
At BringYourBooks, we understand how important it is to provide clear guidance in these situations. Here’s an overview of CRA tax audits and how our services can help you.
How Far Back Can CRA Audit Your Tax Returns?
CRA can generally audit tax returns for up to 3 years after the end of the tax year. But if CRA suspects fraud or false information, they can audit more than 6 years back. For HST/GST, they can review returns from the past 4 years.
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What is a CRA Audit?
A CRA audit is a review by the Canada Revenue Agency to ensure you’re following tax laws and reporting your finances accurately. Receiving an audit notice doesn’t mean you’ve done something wrong. The CRA conducts audits regularly to ensure the tax system remains fair and transparent.
Types of CRA Audits
Desk Audit
This is a detailed review conducted at CRA offices, where they request and examine specific documents related to your tax return.
Field Audit
It involves the CRA visiting your business or residence to review your record in person.
Comprehensive Audit
This usually involves the CRA asking for more details and clarification on your tax return through the mail.
Why BringYourBooks For CRA Audit Support?
Dealing with a CRA audit can be tough, especially when running your business. Here’s where BringYourBooks comes in:
Expertise
Our team consists of experienced professionals who know the Canada Revenue Agency audit process, giving you expert guidance at every step.
Preparation
Preparation is the key. We carefully check your financial records to ensure they are accurate and complete so you’re in the best position during an audit.
Representation
If you need help during an audit, our experts will work directly with the CRA for you, ensuring clear communication and representation of your interests.
Peace of Mind
With BringYourBooks handling your audits, you can focus on growing your business and be confident your audit concerns are handled with a high level of professionalism and care.
Revenue Canada audits can be difficult, but with expert guidance, businesses and individuals can manage them seamlessly. At BringYourBooks, we deliver reliable CRA audit services with a focus on accuracy, transparency and peace of mind.
Stay updated, stay prepared and remember, we’re here to support you throughout the process.
How it Works
Complete The Form
Kindly fill out the form with your details and a brief description of tax-related matters. It will allow us to understand your needs.
Request a Call
After you complete the form, we will contact you if any additional information is needed.
We Prepare Your Taxes
Our tax accountants will prepare your tax returns and send them to you for review and approval before filing with the CRA.
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