If you are a small business owner, one of the scariest things that can ever happen to you is receiving notice that an audit irs investigation is underway of your business. As a business owner it is your responsibility to make sure that you are in compliance with all of the tax laws that pertain to your business.
Everyone knows that audit irs notices can be completely unsettling. If you receive notice of an audit do not panic. You need to immediately seek out the protection of a professional tax attorney for assistance. An audit is not an accountant's strong point so you are encouraged to hire a tax attorney once you have been audited.
The moment that your receive the audit irs notice you need to find a top-notch tax attorney that has successfully negated cases similar to yours. Make sure that the attorney has experience in representing small businesses just like yours and that they are committed to helping your business make it out of the audit unscathed.
While your business must consistently make sure that it complies with all of the tax laws mandated by the federal government, it must also be in compliance with the tax laws that belong to the state your business is located in.
If you own a business in the state of California you must make sure that you comply with all of the California sales and use tax laws that apply to your business. These laws have proven to be a thorn in the side of many business owners who have trouble interpreting them.
As the business owner you have to make sure that you comply with these laws even if they are hard to understand. You must be in compliance with the California sales and use tax law.
Even if you know that you are in compliance, you must maintain thorough records and bookkeeping to furnish as proof if you ever are audited by the state. The burden of proof lies with the business owner if you are audited or found to be in violation of the California sales and use tax.
If your business is audited by the federal government or by your state, you will need to find the best protection available to represent you. A licensed tax attorney that has experience will best serve your business.
Everyone knows that audit irs notices can be completely unsettling. If you receive notice of an audit do not panic. You need to immediately seek out the protection of a professional tax attorney for assistance. An audit is not an accountant's strong point so you are encouraged to hire a tax attorney once you have been audited.
The moment that your receive the audit irs notice you need to find a top-notch tax attorney that has successfully negated cases similar to yours. Make sure that the attorney has experience in representing small businesses just like yours and that they are committed to helping your business make it out of the audit unscathed.
While your business must consistently make sure that it complies with all of the tax laws mandated by the federal government, it must also be in compliance with the tax laws that belong to the state your business is located in.
If you own a business in the state of California you must make sure that you comply with all of the California sales and use tax laws that apply to your business. These laws have proven to be a thorn in the side of many business owners who have trouble interpreting them.
As the business owner you have to make sure that you comply with these laws even if they are hard to understand. You must be in compliance with the California sales and use tax law.
Even if you know that you are in compliance, you must maintain thorough records and bookkeeping to furnish as proof if you ever are audited by the state. The burden of proof lies with the business owner if you are audited or found to be in violation of the California sales and use tax.
If your business is audited by the federal government or by your state, you will need to find the best protection available to represent you. A licensed tax attorney that has experience will best serve your business.
About the Author:
Read on for more insight about audit irs and california sales and use tax because this blogger has a lot of advice to offer.
Definitely if you don’t have the accurate records in an audit, it can turn into a terrible experience. Although the chances of being audited are not high, anyone can be chosen for an audit. So it’s always better to be prepared so the process can run quite easily.
ReplyDeleteRegards,
UK Accountants