More and more companies are facing audits from the Canada Revenue Agency (CRA). Now that the agency ramped up assessments of small to medium-sized enterprises, you want to ensure that your company can survive a CRA audit.
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Fortunately, audits are nothing to be afraid of if you comply with tax rules. Another thing that can help you get through the process is learning the tips below.
Before the audit starts, you must confirm what taxation years are under assessment and what records will be needed. Doing so can help ensure you have all crucial documents ready when the auditor arrives.…Continue reading