When a business receives a notice from the revenue that they are to be audited it can be a very traumatic experience.
Revenue audits can cause unnecessary disruption and stress to a business. The key to the preparation, carrying out and closing every Revenue Audit is having the knowledge of the revenue's code of practice and the experience of dealing with Revenue.
Revenue officials are carrying out a service that is required to maintain an efficient tax system. Your selection to be audited could be random or due to the specific targeting of a certain industry, for instance Revenue decided in the past to target 'cash' businesss such as take aways and hairdressers, they randomly selected a number of businesss and carried out an audit based on the Revenue code of practice.
The preparation leading up to the audit will be vital to exiting the audit with minimum liabilities.
We work with clients and indeed Accountants nationwide providing services to include preparation, attendance and the negotiating of settlements with the Revenue Commissioners.