What’s one of a small business owner’s worst fears? Besides your business needing to shut its doors or not turning enough of a profit, it could be the possibility of your business going through an audit.
Growing your network with other business owners is an important part of the operation of any small business. However, when you pool common walks of life together, you start to share the same fears. And the fear of an audit can grow even more rapidly if someone in your ever-growing network goes through one.
Audits are stressful and time-consuming. Small business owners who we’ve talked to over the past several decades have voiced their concerns with the possibility of an audit, as well as how it could hurt their efficiency. Maybe they’re even worried that they could say the wrong things to an auditor or accidentally give incorrect information.
That normally leads to the question, “Can an accountant help me if I ever get audited?” The short answer is yes. In this article, we’ll discuss how accounting firms like CSI can help you with your small business audit and answer in detail:
- What a tax audit is
- What causes a tax audit
- What CSI does to help in the case of a tax audit