Tax Audits, Appeals & Voluntary Disclosures
Audits & Appeals: An indirect tax audit should not be taken lightly. It can vary from a simple desk audit to a comprehensive review of all company transactions for the last four years (or longer).
When notified of an upcoming audit, contact MCO Partners for assistance in managing the audit process and minimizing the risk of a simple audit becoming a time-consuming comprehensive multi-year audit.
MCO Partners can also assist with preparing notices of objection when you do not agree with a CRA, Revenue Quebec, provincial sales tax, WSIB or EHT assessment. Note that the time limits for each may vary.
Voluntary Disclosure: The CRA’s voluntary disclosure program applies to all entities in Canada, including corporations. If there are errors on previous returns filed, and you have not yet been contacted by CRA with respect to any compliance issues, the filing of a voluntary disclosure may assist you in avoiding full penalties and interest. MCO Partners can also assist you in submitting a “no-name” voluntary disclosure protecting your identity (and limiting penalties and interest) until the formal disclosure is submitted.