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As a small business owner, one impending disaster that you hope to never have to experience is to receive a notice that your business is under an audit irs investigation. You must always remember that it is solely your responsibility to make sure that you business complies with all of the tax laws governing over your business.
Everyone knows that audit irs notices can be completely unsettling. If you receive notice of an audit do not panic. You need to immediately seek out the protection of a professional tax attorney for assistance. An audit is not an accountant’s strong point so you are encouraged to hire a tax attorney once you have been audited.
Once your business receives an audit irs notice you need to formulate a game plan. The first step of this plan should be to look for a top-notch tax attorney to handle your case. Look for a tax attorney that has successfully defended small businesses like yours and that is committed to providing their customers with a high level of protection and expertise.
And if worrying about being audited by the federal government isn’t stressful enough, your business must also make sure that it is in compliance with all of the tax laws that are mandated by your state.
If your business is in the state of California you will have to make sure that you comply with the California sales and use tax laws. These laws have proven to be hard to interpret and easy to violate by accident according to many business owners.
To be in compliance with the California sales and use tax law businesses must make sure that they understand the law and that they keep documentation recording their compliance.
The records that you keep must be inclusive because the burden of proof in an audit rests in the hands of the business owner. You have to prove that you are in compliance with the California sales and use tax if you receive an audit.
Once you receive notification of an audit you must contact a tax attorney for representation. They will provide you with the level of protection and expertise that your business deserves.
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