Receiving a notice of accounting audit marks the opening of an adversarial procedure strictly governed by the Tax Procedures Code. The first fifteen days following notification are critical to preparing an effective defense and avoiding mistakes that can permanently weaken the taxpayer's case.
The most common mistakes include: failing to check the legal notice period, submitting incomplete or unnumbered accounting records, staying silent on a request for clarification within the allotted deadline, hastily signing the audit opening report without reservations, and bringing in tax counsel too late, once the first observations have already shaped the rest of the procedure.
Our firm supports businesses from the moment the notice is received, securing every stage of the audit, framing exchanges with the auditors, and preserving all avenues of appeal in the event of disagreement over the reassessments notified.