Welcome to our Knowledge Nugget series – developed during our tenure as owners of Fiscal Integrity Group Inc.  Enjoy!

The word “audit” in itself has the ability to strike fear into the hearts of business owners, managers and, of course bookkeepers. Needless to say, the ability of the tax man to levee fines and interest for what is determined to be taxes owing has a lot to do with it. Are you aware of all the possible audits that could be brought to bear? There’s more than you may think. We will look at all of them in this Nugget and what the triggers or “red flags” are that could bring an audit your way.