How to prepare your business for a tax audit

A tax audit is not an exceptional event — it is routine. Good preparation shortens it and lowers the risk.

Before the audit

1. Reconcile your tax returns to the audited financial statements and understand every difference.
2. Confirm purchase invoices are complete and meet e-invoicing requirements.
3. Prepare bank statements and reconciliations for the entire period under review.
4. Review the treatment of personal-in-nature or undocumented expenses.

During the audit

Appoint a single point of contact inside the business, and document every request received and every response issued. Do not volunteer documents outside the scope of the request.

After receiving the assessment

The statutory objection window is short and the right lapses when it expires. Review the assessment line by line and establish what you can support with documentation before drafting the objection.