Taxes are an unavoidable part of being in any kind of business. By understanding how to manage your tax burden and prepare for tax audits, you can maximize your profits over time and reduce the costs of not meeting your legally imposed tax obligations. The main meaning of the term audit is to check, review, and inspect. Tax audits are a critical part of finance, but they are not purely the responsibility of your CPAs. Audits are collectively championed by consultants, analysts, and finance professionals and even by decision-makers who may have limited financial training.

This course is also designed for managers and business owners who want to understand how tax policies and business structures affect your company, and how prudent tax planning can help you stay organized and financially healthy. You will learn how to manage your operations all year-round to avoid last-minute tax muddles.

This course will teach you about in-depth Tax Audit, Tax Applicability, Tax Auditors, Letters, Tax Audit Procedures, Documentation, and Tax Audit Reports. This training course will empower you with knowledge in the different kinds of audits, from internal and independent audits to the tax audits that are initiated by the government, and reviews of key audit processes.

• Learn the definitions of complex tax-related terminologies
• Gain a deeper understanding of why tax is levied and what it is used for
• Study the concept of and steps for tax audit preparation
• Identify scenarios in which tax reports and audits may be necessary
• Describe the main goal of tax audits
• Explore how the tax audit space will be impacted by technology
• Identify the best time to prepare for tax audits
• Recognize the idea of tax independence and apply it in a scenario
• Identify the similarities and differences between tax audits and regular audits
• Identify how not-for-profit tax audits and government tax audits differ from regular tax audits
• Explore how to conduct an audit from its inception to taking corrective actions
• Recognize the difference between tax audits and due diligence projects

This course is targeted at:

• Taxpayers
• Tax agents
• Tax advisors
• Tax auditors
• Legal counsel and lawyers
• Tax advisers
• General tax practitioners
• Tax practitioners in advisory firms
• Beginners in tax commercial and trade industries
• Government officials
• In-house tax directors/managers
• Tax regulation bodies
• Financial analysts

• Introduction to Tax Audit
• Taxes for Small Businesses
• Tax Strategies for Businesses
• Managing Taxes
• Important Tax Procedures
• Income Tax
• Auditing I
• Auditing II