Any business may find itself facing a tax audit. How should you respond? Why is it important to seek the assistance of specialized attorneys from the very beginning?
- A tax audit is not inevitable, but it is important to prepare for it and defend yourself with sound legal and tax arguments.
- How does the FareWell team assist you with the preliminary steps?
In summary, the tax authority may initiate an audit, which may be conducted through a review of documents or on-site.
☑️ On the spot
- The government reviews the tax returns and financial statements submitted without having to visit in person
- She uses the various documents she already has
☑️ On site
- This “audit” procedure is conducted at the company’s premises, or at the premises of the board of directors or the administration if the executive so requests
- This in-depth audit may result in a joint review of the personal tax situation (ESFP) of the company’s executives and partners
Note:
- The tax authorities may request clarification and additional information
- The auditor may exercise his right to request information from French and international banks, customs authorities, customers, and suppliers in order to obtain as much information as possible.
These various steps require a significant amount of internal preparation time and cause stress for the business owner, particularly when it comes to anticipating the next steps in the process and the outcome of the audit.
The experienced, technically skilled, and tenacious Farewell team will guide you through the entire process to:
✅ Advise you on the best strategy to adopt when dealing with the tax authorities
✅ Help you prepare the documents
✅ Attend meetings and follow oral discussions and debates with the tax authorities
✅ Maintain ongoing communication with the auditor
✅Build an effective defense for your case during an audit and in the event of a tax dispute.
#taxaudit #taxation
