If you are in the planning stages or just getting your entrepreneurial endeavor off the ground, you may feel as though an IRS audit is not something to worry about just yet. While your chances of being audited may be relatively low, planning as if you will hear from the IRS could help you survive just such a challenge.
Business owners of any size company can get themselves into hot water by keeping sloppy records, making last-minute transactions, blurring the lines between business and personal purchases or separate corporate entities, and other complex business arrangements. The best way to make sure that your intentions align with your actions is by keeping meticulous records and gaining knowledge of the IRS audit process from day one of your business. To get your business started the right way, consult with a Gordon Advisors professional on audit protection.
The objective of an audit is to provide reasonable assurance that financial statements do not contain material misstatements. Audits differ from reviews and compilations because they entail an intensive examination of your Company’s systems and records in order for us to provide the highest level of assurance.
Our team of audit professionals possess experience, integrity, and flexibility in every engagement we perform.
- Clients include small- to medium-sized closely held businesses
- Active involvement of senior management in all phases of our engagements
- Low employee turnover creates cohesiveness in engagements
- Extensively specialized industries served
Employee Benefit Plan Audits
Employee Benefit Plans are unique and complex. Gordon Advisors has extensive experience working with firms to assure that you are in compliance with Department of Labor and ERISA requirements.