A Revenue audit is a verification of the information and figures on your tax returns submitted to revenue. It can be in respect of all taxes or a particular tax for a specified period. If you receive notification of a revenue audit, we understand that the very thought of a revenue audit may cause you to break out in a cold sweat. Don’t. A Revenue audit is not the end of the world and with organistaion and preparation in advance of the audit, it can run very smoothly.
We can in advance of the inspection by Revenue, meet with you to discuss the process involved, advice you of the areas most likely to be of focus to the Revenue Inspector and also assist you in making decisions for mitigations of interest and penalties in respect of any errors or omissions to bring the audit to a conclusion both your satisfaction and that of the Revenue.