Tax Audit Defense for Small Business

Small business audits happen. Our tax pros are ready to act on your behalf and defend your interests. Get peace of mind for your small business.

Audits Can Be Serious

Looking for tax audit help? Be prepared in case you receive an IRS notice. Our experts will ensure all the income tax audit paperwork is in order.

We Do All The Work

We'll develop an action plan, create a communication strategy, and prepare all necessary financial accounting documents for tax audits.

Transparent Pricing

No hourly rates or hidden charges. What you see up front is what you get.

Protect Your Rights

We act on your behalf to ensure your taxpayer rights are protected and recieve a fair hearing during tax audits.

Frequently Asked Questions about Small Business Taxes

How does tax audit defense work?
QB Solution 555 audit defense service is designed to protect your rights and interests if you receive an IRS audit notice, offering peace of mind throughout the process. While an audit notice can be concerning, it’s essential to understand that audits can happen for a variety of reasons. In many cases, an audit may not signal a problem but rather indicate that the IRS wants to closely review your business tax returns.

One common trigger for an audit is when a business tax return deviates from what the IRS considers typical. For instance, if you own a laundromat and are audited for claiming unusually high water deductions, the IRS might compare your utility expenses with those of other laundromats in your area, flagging higher water usage during the audit. This could be perfectly legitimate, especially if factors like a significant water leak contributed to the increased usage.

To successfully defend against an audit, it’s crucial to provide proof that your tax information or tax position is accurate.

 

There is a distinct difference between a notice and an audit. A typical IRS notice highlights specific areas of your return needing attention, such as missing information or a mathematical error. This does not necessarily mean you are being audited, as many notices are automatically generated. In response, you must provide the requested information or agree to the mathematical change or correction.

An audit is much more comprehensive in scope. Typically, an IRS agent will scrutinize particular areas of your tax return and seek to substantiate your claims via proof of your financial records. If questionable patterns emerge, the IRS agent may opt to review previous tax returns.

We highly recommend our audit defense solution to most of our small business clients, alongside other services like full-service bookkeeping and tax advisory. These complementary services help ensure that your financial records and tax situation are accurate, current, and prepared for any IRS review in the event of an audit notice.

Speak to our experts today