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Best Strategies to Handle a Corporate Tax Audit

Billah and Associates

Tax audit for businesses A corporate tax audit is an efficient and effective mode of scrutiny, especially when done by a primary corporate tax accountant. The process of Corporate Tax Audit – an Overview The process of preparation for corporate tax audit begins when you prepare the T2 or other returns.

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5 Potential Reasons Your Tax Return May Be Flagged By IRAS

Counto

5 Potential Reasons Your Tax Return May Be Flagged By IRAS Filing your business tax return requires careful attention to the tax laws and regulations established by IRAS. Inaccurate Income Reporting One of the primary reasons for a business tax return to be flagged by IRAS is inaccurate income reporting.

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Applying for a Dormant Company

Counto

Appointment of company secretary Engagement of an auditor Maintenance of a registered office Maintenance of company registers and financial records. Annual Filings : Fulfilling corporate secretary requirements and providing management reports, such as balance sheets and profit and loss statements.

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Time Management Tips for Accounting and Finance Professionals  

AvidXchange

These include: • Month- and year-end closes • Audit and tax season • Budgeting season • Holidays and personal time off (PTO) During these periods, time management tips for accounting and finance professionals are especially important. Invoices were coming in manually. They were circulated for approval either by e-mail or paper folders.