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The audit should not be very grueling. It should take 2-4 weeks, and for the franchise portion of the audit you will not have to provide information.
For excise tax, you may be asked for documentation such s invoices, bank statements, accounts receivable, etc
The auditor should send you a list of items that they will want to see, and you should receive that a week or two before your audit is scheduled
Your CPA can handle this for you, and if they are busy for the busy season they can get the audit postponed.
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Thank you. When you say invoices--would that be invoices we give to customers or invoices that we paid as businesses expenses? The way you make it sound it is a pretty "light" audit compared to say a sales tax audit?
For the franchise portion, what would they be auditing if we don't have to provide anything?
Thank you. On the customer invoices, what specifically are they looking for? Would it be a sample over a period of time they provide to us, or would we need to bring all 3 years of customer sales receipts?