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An audit representation means developing a strategy to protect your status as a taxpayer. An audit representative assists the taxpayer in preparing all documents requested by the taxpayer and generally attend all meetings, and handles correspondence on behalf of the taxpayer. When your business faces an IRS audit, it's important to plan the next step. Regardless of the nature of the audit, if the IRS or state tax authority wants to know more, you should first fix your audit representation. Many tax consulting firms provide audit representation to clients. In this article, learn how working with your tax consultant is advantageous because your tax advisor is already aware of the returns you filed and knows about the strategy in case of audits.

Taking risks and minimizing them as soon as possible is what business is all about. This is why you need knowledgeable business consulting  to encourage you to get the most from your business venture. Businessencourage  consulting is a broad and frequently misunderstood term. That doesn't imply that a business consultant can't be beneficial to your company. Many companies frequently avoid hiring a business consultant since they are unaware when they require one or are unsure how to calculate the ROI of a consultant. In this article, we provide a comprehensive overview and definition of business consulting, as well as the benefits of having a business consultant, when is the right time to hire one, and how to calculate your Return on investment.