Blog
New York Government Audits Lawyers
Business owners who find themselves faced with the prospect of a government audit would do well to seek out the best legal counsel and representation available. Audits may be conducted by any number of governmental agencies and may be focused on various aspects of business operations. Lacking the services of an experienced lawyer who has the relevant legal background and expertise could find business owners unable to effectively protect themselves or their interests during the course of an audit. From an IRS audit of a business’s accounting to a financial assessment meant to determine the value of a company prior to its sale or acquisition, effective legal representation can often be of critical importance.
Licencing and Permits
Applying for a licence or dealing with an audit that may threaten the status of an existing permit can often be a complicated ordeal. Business owners who lack the comprehensive legal understanding needed to deal with such matters would do well to seek help from a professional. Being denied a licence, having a permit revoked or having to deal with legal fines stemming from a government audit can lead to problems that business owners would do well to avoid.
Compliance With Existing Regulations
Non-compliance issues are not a problem that should be taken lightly. More than one promising business has had its future and very survival called into question due to a failure to comply with various statues or regulations. Legal assistance can often play an instrumental role in ensuring that such problems do not arise in the wake of a government audits. Even minor infractions and mundane instances of non-compliance could lead to costly and potentially-serious problems that could create no end of future complications.
Assessments and Integrated Audits
From IPOs to the sale of a business, audits that are conducted in order to determine the total value of a venture or organization can often be complicated affairs. Legal firms and attorneys can provide a wide range of services and resources that may help to ensure the process goes as smoothly as possible. Decreasing the length of an audit and ensuring that all findings and estimates are able to be as accurate and favorable as possible are often issues of great importance. Business owners who lack legal representation or that have elected to make due with a lesser attorney or a second-rate firm could find themselves at a real disadvantage.
Employees and Hiring Practices
Audits that are conducted in order to ensure that all hiring practices are above board are another situation that may require business owners to retain formal legal representation. These audits typically involve several interviews focused on both past and present employees. Businesses that have access to the services, solutions and options that only a qualified and seasoned attorney may bring to the table may be better able to acquit themselves throughout the entire process.
Taxes and Accounting Audits
Tax-related issues and accounting or financial audits are very common. Trouble with the IRS is an issue that all business owners would do well to avoid. Legal services, guidance and advice during a tax audit can help to minimize the risk of complications that might arise during the assessment process. Avoiding fines and minimizing the long-term costs that may be incurred due to an IRS audit can result in considerable financial savings. Businesses that choose to work with only the best legal services may be better able to protect themselves and their bottom line during a government audit.
Working With the Best Firm
Choosing a lawyer that has more to offer entails considerable benefit. Clients who have obtained the best representation are far more likely to avoid many of the most common problems and costly complications associated with a government audit. Knowing that they have access to the full range of legal services can provide business owners with some much-needed peace of mind. Being able to conclude an audit as quickly as possible and with minimal risk of complications or negative findings is never an issue that should be left up to chance.