Audit Alert! What To Do When Your Company is Selected for Audit

The IRS and state agencies have hired more auditors – and are being more aggressive than ever in enforcing payroll tax laws.

Whether or not you did anything wrong, you are at high risk for a payroll tax audit if:
You use a lot of Independent Contractors
Have high employee expense write-offs
Award large executive compensation packages
Are in a growth industry
Provide a lot of fringe benefits
Provide stock options or other forms of non-salary compensation
Are a multi-state employer
But do not panic if you are selected for a payroll tax audit by the IRS or a state agency: audits are part of the business process. However – whether you did anything wrong or were simply a random selection for an audit – knowing what to do, preparing for the auditors arrival, and prudent cooperation with the taxing agency are the keys to managing the upcoming audit.

And our Presenter, an ex auditor himself, will show you exactly what to do. By attending, you learn how to prepare for the before, conduct yourself during, and react in your best interest after the audit.

Specifically, you will learn what the agency will ask for and expect from you, as well as proven methods that will both comply with statutory requirements of your business and promote a quick audit process with minimal disruption to your operations. Finally, you will learn how to respond to audit findings in ways that protect your rights and allow you to move on.

Areas Covered in the Session :
Don’t wait until you get an audit notice to be prepared! Attend this informative session and learn:
How/why businesses are selected for audits
How to notify and prepare key personnel
How to review requests for information sent with the audit letter
How to gather and summarize information and documentation
Tactics for anticipating interview questions and preparing answers
Which records and information are necessary, as well as NOT necessary, for the audit
Which financial records to produce, and when it is OK to summarize or edit
Which information is it OK to NOT divulge
When there is need for professional representation
How to anticipate your audit exposure, as well as your personnel’s capacity to manage the audit process
The different levels and costs for professional representation, and how they can save you time and money throughout the audit
How to handle the results of the audit, including how to file appeals, how to avoid involuntary collection action, and how to ensure your company information is kept confidential

Who Will Benefit:
Payroll Department
Accounting Department
HR Department
Small to Medium Sized Business Owners
Payroll Apprentices
Start up Entrepreneurs

Mark Schwartz

Mark Schwartz has over 15 years experience in State and Federal payroll tax audits, collections and payroll consulting. As an auditor, Mark prided himself on his ability to educate his auditees on State and Federal payroll tax requirements. Whatever issues he found in audits, he ensured the auditee knew how to comply in the future. He worked to minimize company disruptions in the audit process.

Mr. Schwartz provides consulting services encompassing payroll processing and payroll tax issues. These include payroll tax minimization, payroll tax compliance reviews, independent contractor studies, use of electronic transfers, deductions, benefits, etc. Mark has represented both clients and the State in front of the State Appeals Board. He understands the complexities of local wage laws, unemployment and disability claims, and other wage and benefit issues affecting employees.

In recent years Mark has helped many clients with back payroll tax returns for all 50 states and the IRS. He has reviewed payroll journals, time records, tax forms and other payroll documents for accuracy and completeness.

Mark is a participating member of the American Payroll Association. He earned his BA and MBA in Finance at Santa Clara University. He has held Certified Internal Auditor and Certified Investment and Derivatives Auditor Credentials. Mark is currently pursuing a Certified Payroll Fundamentals Credential with the American Payroll Association.

  Go PRIME   🛈 $ 240 SELECT
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  Business Plan 🛈 $ 9000 SELECT

  • Login Information with Password to join the session, 24 hours prior to the webinar
  • Presentation Handout in .pdf format
  • Presentation from the Speaker
  • Feedback form
  • Certificate of Attendance
  • Recording access Information with Password to view the webinar, will be sent 24 hours after the completion of the Live webinar.
  • Presentation Handout in .pdf format
  • Certificate of Attendance