CRA Audit Representation Toronto

Why Choose Kothai Accounting for CRA Audit Representation?

Facing a CRA audit can be stressful, and navigating it without support can lead to costly mistakes. Here’s why Kothai Accounting is the ideal partner for CRA audit representation:

• Extensive CRA Knowledge: With in-depth knowledge of Canadian tax laws and CRA procedures, we effectively manage audits, presenting information accurately and efficiently to the CRA.
• Personalized Approach: As a solo practice, Kothai Accounting offers one-on-one attention to each client, ensuring personalized strategies that align with your unique tax situation.
• Clear Communication: We simplify complex tax terms and audit requirements, making the process clear and manageable for you while ensuring compliance with CRA standards.

Our CRA Audit Representation Services

Our audit representation services cover every stage of the CRA audit process, from initial inquiry to resolution, offering you peace of mind and expert handling of your case. Services include:

1. Audit Preparation and Documentation
   We help clients gather and organize essential documents to prepare for an audit, ensuring all information provided to the CRA is accurate and complete.

2. CRA Correspondence and Communication
   Kothai Accounting acts as your representative, handling all CRA communication, responding to inquiries, and keeping you updated on audit progress.

3. Audit Strategy and Defense
   We develop a clear audit strategy based on your case specifics, addressing potential audit issues proactively and advocating for you to minimize additional taxes or penalties.

4. Post-Audit Review and Appeals
   After the audit, we review CRA findings to identify any discrepancies or potential for appeal. If necessary, we assist with filing objections or appeals to contest any unfair assessments.

5. Tax Compliance Advisory
   We provide guidance to help you stay compliant with CRA regulations in the future, reducing the risk of future audits and helping you implement best practices in recordkeeping and filing.

Who Can Benefit from CRA Audit Representation Services?

Kothai Accounting offers CRA audit representation for a wide range of clients in the Toronto area, including:

• Individuals and Families: Assistance for personal tax audits to resolve CRA inquiries and avoid potential penalties.
• Small Businesses and Self-Employed Individuals: Support for business owners and freelancers facing audits related to business income, deductions, or GST/HST reporting.
• Real Estate Investors: Representation for real estate investors who may face CRA scrutiny on capital gains, rental income, and deductions.

Whether you’re facing a simple inquiry or a detailed audit, Kothai Accounting offers expertise and peace of mind for Toronto clients during the audit process.

Why Professional CRA Representation Matters

CRA audits can be complex and may lead to additional taxes or penalties if not handled correctly. Working with Kothai Accounting ensures that your rights are protected and that the audit is managed professionally, minimizing disruptions and financial impact on your life or business.