Undergoing
a Canadian Sales Tax or Goods and
Services (VAT) audit can prove to
be a very unsettling experience.
Most audits can cause a department’s
staff to spend countless hours analyzing
historical records, obtaining clarification
on old issues, debating with auditors
on interpretation of laws. Depending
on the results of the audit the
manager is quite often left questioning
themselves or their staff.
The
reality of the matter is that most
companies do not have the personnel
who have both the expertise and the
time to effectively manage a Canadian
Sales Tax or Goods and Services (VAT)
audit.
At
A-SALT Group our audit services like
our other services are scalable to
meet your needs. Generally, our audit
services fall into three types of
offerings:
Audit
Management – An
A-SALT Group team manages the audit
from the opening conference with the
auditor through the audit’s
conclusion. We work interactively
with the auditor throughout the audit
process. This includes such activities
as meeting with the auditor on a regular
basis, providing the auditor with
appropriate documentation, addressing
the application of various rules of
law as they may apply to the client’s
business, and lastly to oversee the
activity of the auditor to ensure
that the audit is brought to a swift
and satisfactory conclusion. The A-SALT
Group performs these tasks while simultaneously
keeping the client apprised of the
audit’s status with regularly
scheduled updates.
Audit
Defense – This
service typically comes into play
when the client’s audit is already
underway but the client would like
the A-SALT Group to apply its expertise
to help reduce any potential liabilities.
This is accomplished by reviewing
an auditor’s preliminary workpapers
to identify items that should not
be included due to exemptions, or
discrepancies. The audit can also
be reduced by searching for additional
credits that can be used to offset
any liabilities.
Audit
Support – A-SALT
Group will customize our audit service
and approach to meet the needs of
our clients. We will support our clients
and their audits as needed, from research
to negotiations. There are many aspects
of an audit that our experience and
resources may be appropriate to utilize
in order to support an audit. We are
available and here to assist.A-Salt
Group is experienced in dealing regularly
with HM Revenue & Customs and
Provincial audit divisions. It truly
makes sense to have A-Salt Group on
your side as an extension of your
department.
Canadian
Sales Tax Audit Representation