If you run a business and want to avoid IRS penalties and other serious consequences, hiring an accountant to help you with auditing can be an excellent investment. If you’re ever audited by the IRS, the support that you receive from your accountant will enable you to manage the situation better. Here are a few ways that an audit accountant in San Antonio, TX, can help you avoid problems.
Mock Audits
To get you prepared to deal with an IRS audit better, your accountant may conduct practice audits so that you can identify any problem areas that you’ll want to address. The objective is to see if your organization is prepared for a third party audit. The accountant will take you through each step of the auditing process and answer any questions you have.
Financial Record Organization
One of the biggest challenges when faced with an audit is finding all the required financial statements and other records that you’ll need to have ready for review. Your audit accountant can assist you by keeping specific business records and other important documentation in good order.
Audit Accountant Benefits
The accountant who you choose to hire might make it possible for you to avoid a third party audit entirely, such as an IRS audit. An audit accountant in San Antonio, TX, can also perform audits to determine the accuracy of your accounting records, which can help in acquiring loans to grow your business or to spot possible fraud within your company. Other types of audits can ensure wage taxes, benefits, and shareholder distributions are being handled compliantly.
Hiring an audit accountant can be one of the best investments that you’ll ever make for your business. Akin, Doherty, Klein & Feuge, PC – CPA, Tax, Assurance & Audit Accountants is an accounting firm that has an audit accountant in San Antonio, TX, on staff who’s ready to serve you, and you can learn more by visiting website
