{"id":70,"date":"2021-07-03T19:23:23","date_gmt":"2021-07-03T19:23:23","guid":{"rendered":"https:\/\/ycaccounting.com\/?page_id=70"},"modified":"2025-01-01T19:22:16","modified_gmt":"2025-01-01T19:22:16","slug":"volunteer-tax-preparation-clinics","status":"publish","type":"page","link":"https:\/\/ycaccounting.com\/?page_id=70","title":{"rendered":"Business Tax Audits"},"content":{"rendered":"\n<h4 class=\"wp-block-heading\"><\/h4>\n\n\n\n<p class=\"\">When the Canada Revenue Agency (CRA) audits a business, it closely examines the business\u2019 books and records to make sure they support the amounts as filed in tax returns, which in turn ensures the business pays the appropriate amount of taxes and receives any amounts to which it is entitled.<\/p>\n\n\n\n<p class=\"\">Although there is a high level of compliance with tax laws in Canada, audits help maintain confidence in the fairness and integrity of Canada&#8217;s tax system.<\/p>\n\n\n\n<p class=\"\">If you have been selected for a business audit, here is what you need to know:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"\"><a href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/services\/tax\/businesses\/topics\/changes-your-business\/business-audits.html#toc1\">How the CRA will contact you<\/a><\/li>\n\n\n\n<li class=\"\"><a href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/services\/tax\/businesses\/topics\/changes-your-business\/business-audits.html#toc2\">Where the audit happens<\/a><\/li>\n\n\n\n<li class=\"\"><a href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/services\/tax\/businesses\/topics\/changes-your-business\/business-audits.html#toc3\">Documents that are required<\/a><\/li>\n\n\n\n<li class=\"\"><a href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/services\/tax\/businesses\/topics\/changes-your-business\/business-audits.html#toc4\">How to provide your documents<\/a><\/li>\n\n\n\n<li class=\"\"><a href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/services\/tax\/businesses\/topics\/changes-your-business\/business-audits.html#toc5\">Information about indirect verification of income<\/a><\/li>\n\n\n\n<li class=\"\"><a href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/services\/tax\/businesses\/topics\/changes-your-business\/business-audits.html#toc6\">Information about the economic entity audit approach\u00a0<\/a><\/li>\n\n\n\n<li class=\"\"><a href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/services\/tax\/businesses\/topics\/changes-your-business\/business-audits.html#toc7\">How long the audit will last: avoiding delays<\/a><\/li>\n\n\n\n<li class=\"\"><a href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/services\/tax\/businesses\/topics\/changes-your-business\/business-audits.html#toc10\">Your rights during an audit<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>When the Canada Revenue Agency (CRA) audits a business, it closely examines the business\u2019 books and records to make sure they support the amounts as filed in tax returns, which in turn ensures the business pays the appropriate amount of taxes and receives any amounts to which it is entitled. Although there is a high&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"footnotes":""},"class_list":["post-70","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/ycaccounting.com\/index.php?rest_route=\/wp\/v2\/pages\/70","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ycaccounting.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/ycaccounting.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/ycaccounting.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ycaccounting.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=70"}],"version-history":[{"count":2,"href":"https:\/\/ycaccounting.com\/index.php?rest_route=\/wp\/v2\/pages\/70\/revisions"}],"predecessor-version":[{"id":150,"href":"https:\/\/ycaccounting.com\/index.php?rest_route=\/wp\/v2\/pages\/70\/revisions\/150"}],"wp:attachment":[{"href":"https:\/\/ycaccounting.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=70"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}