Dealing with the dreaded audit

published by asingh on Wed, 05/15/2013 - 12:00

Want to see a business owner turn pale?

Just whisper the words ‘CRA audit’ to him.

Unfortunately tax audits are a regular part of being an entrepreneur – Canada Revenue Agency isn’t picking on you, the organisation regularly audits small businesses over their tax and GST/ HST filings.

But for operations both small and large, the process can still be very stressful. Aside from the fear of having your tax bill rise, there is also the opportunity cost of having to devote time to meet with CRA auditors and of course produce the required documents.

Mew & Company is a Vancouver based Chartered Accountant Firm that specialises in tax issues.

For over 15 years, the downtown firm has helped incorporated companies manage their tax bills and establish an overall understanding your business and lifestyle goals in order to find the best tax vehicles for their clients.

The firm’s accountants represent clients in discussions with CRA so they are not distracted by the process. They will also ensure that the business owner’s rights under the Income Tax Act are protected.

Mew and Company arranges mutually convenient meeting times and places with the auditors such that any loss of business and stress is mitigated.

Most of all, they give you the assurance and backup so that you are not alone.

For more information on Mew & Company, go to www.mewco.ca.