A few years ago, we introduced our Audit Protection Plan (APP). This has been very popular with so many of our clients. With the number of audits increasing over the years, especially sales tax and unemployment audits, the costs of an audit can be significant.
Government audits of small businesses are lengthy and time consuming and are usually billed separately at an hourly rate of $125 to $250, or higher, depending on the complexity of the issue. It is for this reason we offer all of our business clients an audit protection plan. The service is designed to eliminate your worry about our fees for representing you should your return be audited.
This Audit Protection Plan is entirely optional and only available if we prepared the original return.
We will perform the following services as part of the APP:
- Business Income Tax Audits
- Sales and Use Tax Audits
- Unemployment Audits
States and the IRS have several flavors of audits, the most common being desk or correspondence audits and field or in-person audits. We cover all these types of audits with this protection plan.
You will remain responsible for any additional tax, penalties and interest that may be assessed by taxing authorities.
We prepare your income tax returns as accurately as possible based on the information you provide. In the rare instance that we make a mistake, our policy is to fix any mistake we make at no cost to you. We also pay any penalties you may incur as a result of our error, as long as you furnish us with a copy of the tax notice within 30 days of the date of the notice, and give us an opportunity to request an abatement of the penalty.
Talk to your accounting team today to learn more about how an audit protection plan can work for you.
Audit Protection for personal income tax returns and children’s tax returns must be purchased separately.