Accounting professionals in Rancho Cucamonga, CA offer excellent audit services

The respected accounting professionals at Whyte & Associates, Inc. understand a tax audit can make people nervous. You can rest assured that our team cares about your personal and professional financial wellbeing. We offer excellent audit services in our Rancho Cucamonga, CA office to help you regardless of the business you operate or the status of your personal finances.

Before meeting with the auditor, we will help you thoroughly review the tax returns to be audited. We will help you organize your records for the auditor in a logical fashion. We understand tax law. We will help show an auditor your right to take tax deductions or other tax benefits claimed on your return.

When preparing for an audit, we will educate you about the documents required. At a minimum, the IRS will expect the following:

• Bank statements, canceled checks, and receipts – An auditor will want to see bank records from all of your accounts, both personal and business. Therefore, it is important to never discard any business-related canceled sales slips, invoices, or checks. If some expenses were paid for with cash; you can show the payments with handwritten notes, petty cash vouchers, or receipts.
• Electronic records – Bank and charge card statements are accepted by the IRS as proof of payment. However, they must show the name, date, amount, and address of the payee. Since charges and statements do not always show the business nature of the expense, you cannot rely on them as your only records.
• Books and records – The auditor will ask to see your books. In addition to audit services, we offer bookkeeping services to help ensure this part of the audit goes as smoothly as possible. Bookkeeping can be a formal set of books, or ledgers and journals. Regardless of the type of records you keep, the auditor is entitled to see them. The auditor will want to see a printout if all of the data is on a computer.

Are you preparing for a tax audit? There is no need to go at it alone. The caring team at Whyte & Associates, Inc. can help. Schedule an appointment with one of our accountants at (909) 575-0080.