One of the scariest situations for a small business to go through is an audit by the IRS, which is enough to send chills up the spine of even the most experienced business owner. In most cases, this process is invasive and can stress you to the breaking point, but hanging in there and getting through it is the best course of action. If you have an accountant for your business, they will be able to help you through this process. An accountant will have the experience and know how to get your business off of the chopping block of the IRS. The following are a few tips of how to survive an Audit in Galt CA.
Get Your Paperwork in Order
One of the first things that you have to do when getting prepared for the audit process is to get your paperwork and billing invoices in order. You can consult with your accountant to see what you need to gather and how far back you need to go. If you have all of your ducks in a row when the IRS shows up to get started, then it might go a bit smoother. In most cases, the taxman will let you know if they need more paperwork, so stay calm and just listen to what they are telling you.
Your Rights
Another thing that you need to do before your audit takes place is to know what rights you have during this process and how to best exercise these rights without being a problem for the IRS. Most of the time, the agent assigned to your audit will be by the book, but there are instances where these people can overstep there bounds, which is why you have rights during these audits. You can find a list of the rights that you have on the IRS website, so be sure to study up.
If you find yourself in need of a great accountant, then look no further than Symons Accountancy. They have the experience necessary to get you a favorable outcome to your audit. You can call them or visit their website at galtcpa.com for more information.
