Tax filing season is stressful for any entrepreneur. Compiling all the receipts and accounting for every transaction made by the business can be a taxing process. Therefore, every business plans to hire an accountant to take care of their tax filing process. A smart accountant will ensure that your tax filing process is complete without any discrepancy. However, no accountant can foresee the future. Often the Canada Revenue Agency (CRA) reaches back to the entrepreneurs for more information about their taxable transactions. For such situations, an audit insurance is what every business owner needs.
Our audit insurance service will allow a business owner to pay in advance, a fee that will cover services related to tax filings such as CRA tax audits and Professional Sales Tax (PST) filing. The benefit of opting for this insurance is that you are safeguarded from paying your accountant a consulting fee, every time a sudden audit request comes from the CRA.