Tax Audits: What Businesses Should Do When The Taxman Comes

What triggers a tax audit? What can businesses do about it? What are the best practices to manage this? P&L digs into the anxiety-inducing topic of tax audits with Poovarni Rajagopal, Tax Partner at Invatex Consulting.

Whether you're a startup finding your feet or an established corporation, understanding the tax audit process is crucial for compliance and peace of mind.

From what triggers a tax audit, to keeping your books in check, we get into how to react, how to prepare, what to expect, how to keep your business audit-ready, and why documentation and data entry can make or break your audit.