The chances of getting audited are statistically fairly low (about 1.0% – 2.5%), but when the IRS does select your small business for an audit, it can be a frightening experience. SMT & Associates is experienced at dealing with IRS audits of small businesses.
We start the process with an audit client by asking the client to sign a Power of Attorney. This authorizes us to act on your behalf with the IRS and effectively removes you from any direct contact with the IRS agent. We act as a buffer between you and the agent. At this point, we will then meet to assess what the IRS is focusing on, and the shape of your business records. We will lay out a plan to respond to the IRS in a timely fashion, providing only what is needed to respond to the audit and minimize any chances of an unfavorable audit adjustment.
Contact us for a free initial consultation.
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