A GALLO & COMPANY PROGRAM
Audit Shield CRA Audit Protection
Every year, the Canada Revenue Agency (CRA) selects both individuals and businesses to audit. The professional fees incurred as a result of being selected for an audit, enquiry, investigation or review can quickly become very significant and incredibly costly. Even if in the case that no adjustments are required, you could still be left with considerable professional fees if you are not protected. That’s why Gallo LLP is proud to offer our signature Audit Shield Protection program.
Is your business protected?
With Gallo LLP’s Audit Shield program, you can enjoy peace of mind in knowing you and your business are guarded against the unpredictable and un-budgeted costs associated with a CRA audit.
Backed by an insurance policy underwritten by Lloyds, our Audit Shield Protection program provides an effective, fixed-cost plan that covers the expense of the professional services involved in a CRA audit, enquiry, investigation or review. Truly a convenient, affordable solution available to our entire range of clients; from T1s to businesses and individuals.
What’s covered by the Audit Shield Protection program?
The Audit Shield program protects against a broad range of returns and financial compliance obligations, including:
» Corporate tax
» Business audits
» Capital gains tax
» GST, HST and PST
» Employer audit and compliance
» Payroll audits (T4)
» Personal tax
» And more
How Does the Audit Protection Program Work?
Navigating a CRA audit can be stressful, but with Gallo LLP’s Audit Shield program, we make it simple and hassle-free. Here’s how our process works:
Sign Up with Ease: When you become a client of Gallo LLP, opting into the Audit Shield program is straightforward. Our team will guide you through the setup process, ensuring you have the coverage you need to protect your finances from the potential costs of a CRA audit.
CRA Audit Notice? It’s Time to Take Action: If the Canada Revenue Agency (CRA) or another provincial agency selects you or your business for an audit, enquiry, investigation, or review, your next step is easy—just contact us. We’re here to support you from the moment you receive a notification.
We Handle the Rest: Once we’re notified, our team of experienced tax professionals will take care of all the details. We manage every aspect of the audit, from documentation to communication with CRA auditors, at no additional cost to you. Our fixed-cost service means there are no surprise fees—just comprehensive support to guide you through the audit process.
What is Audit Activity?
Audit activity includes any audit, enquiry, investigation or review which is instigated by the Canada Revenue Agency (CRA) and other provincial agencies to ensure business and tax payer compliance with various tax and legislative requirements such as Personal Tax, Business Audits, Payroll Audits, GST/HST and Capital Gains Tax, amongst others.
HOW COMMON ARE AUDITS, ENQUIRIES, INVESTIGATIONS OR REVIEWS?
The CRA and other government revenue bodies continue to focus on review and audit activity. These agencies are consistently provided with resources for this purpose.
IS THE AUDIT SHIELD PROGRAM TAX-DEDUCTIBLE?
Yes, a tax deduction can ordinarily be claimed for the cost of the Audit Shield Protection program.
Additional Information
Absolutely. The Audit Shield program offers significant value by covering the cost of professional fees incurred during a CRA audit, enquiry, or review. Without audit protection, these fees can add up quickly, even if no changes to your return are necessary. Investing in Audit Shield ensures peace of mind and financial stability in the face of an unexpected audit.
When you sign on for audit protection, there are no upfront fees until an audit of your corporate or personal taxes is complete. The cost of Audit Shield protection varies depending on the level of coverage you require and the complexity of your tax situation. At Gallo LLP, we offer competitive rates that can be tailored to your needs, ensuring you receive comprehensive protection without overpaying.