Tax Audit Assistance
We’ve got your back with state and federal audits.
No matter the industry or size of your business, IRS tax audits can cause intense stress, and potentially unpleasant financial consequences if they’re not handled by an expert. Managing an audit requires an intense and in-depth understanding of tax law, and the more money that your business makes, the more likely you’ll be audited. When you rely on proper tax auditing professionals, they won’t just help you get and stay compliant or talk to the IRS and other agencies on your behalf, but there is an opportunity to uncover new deductions and cultivate healthy profit margins.
Audits are common practice from the IRS, and occasionally from state or local taxing authorities. Auditors are trained to analyze businesses for proof of intentional misconduct or unintentional reporting issues that would result in increased revenue from back taxes, interest, and penalties. The most common violations are triggered by inaccurate deductions, inaccurate reporting, misrepresented profits, intermixing personal and business accounts, poor documentation (or lack thereof), and even large profits. In most cases, this is not due to an intentional effort to mislead the IRS—but a lack of experience dealing with the many nuances of accurate accounting practices.