Tax Audit Services

Welcome to BBK Partnership Complete Tax Audit Services

At BBK Partnership, we recognise that tax audits can be one of the most challenging aspects of running a business. Our Complete Tax Audit Services are designed to provide businesses and individuals with expert guidance, strong representation, and complete peace of mind when facing tax authority enquiries. With more than three decades of experience in accounting, taxation, and compliance, our team of qualified professionals ensures that your tax affairs are reviewed with precision, presented with clarity, and defended with integrity throughout the audit process.

Our services cover every stage of a tax audit, from pre-audit risk assessments and preparation of supporting documentation to liaising directly with tax authorities, handling queries, and negotiating settlements where necessary. We work closely with you to ensure that all submissions are accurate, compliant, and presented in a way that minimises risks and penalties. Our proactive approach includes identifying potential red flags before the audit, strengthening your internal controls, and providing ongoing support to prevent future issues.

At BBK Partnership, we go beyond resolving audit challenges we focus on protecting your business and strengthening its financial resilience. By combining technical expertise, practical solutions, and a client-first approach, we make the audit process as smooth and stress-free as possible. Whether you are a sole proprietor, SME, or large corporation, our Complete Tax Audit Services give you the confidence that your tax matters are in the hands of trusted professionals who are committed to safeguarding your interests and ensuring full compliance with all regulatory requirements.

Why Choose BBK Partnership for Tax Audit Services?

Specialised Tax Audit Expertise
Our team of qualified auditors and tax professionals are experienced in handling complex tax audits, ensuring full compliance with Inland Revenue Department (IRD) and HMRC requirements.

Comprehensive Review of Tax Affairs
We conduct a detailed review of your tax returns, records, and transactions to identify potential risks, discrepancies, or compliance gaps before the authorities do.

Strong Representation with Tax Authorities
BBK Partnership represents you in all dealings with tax authorities, managing correspondence, meetings, and negotiations to safeguard your interests.

Proactive Risk Management
Our approach goes beyond identifying issues we provide practical recommendations to strengthen compliance, minimise exposure, and prevent future tax disputes.

Industry-Specific Knowledge
With experience across multiple industries, we understand sector-specific tax challenges and tailor our audit approach to fit your business environment.

Clear & Transparent Reporting
We provide comprehensive audit reports that explain findings in simple terms and offer actionable advice to help you resolve issues quickly.

Confidential & Ethical Handling
Your financial and tax data is treated with the highest level of confidentiality and integrity, ensuring full trust throughout the audit process.

Integration with Tax Planning & Advisory
Our tax audit services are supported by our broader expertise in tax planning and compliance, allowing us to provide end-to-end solutions for businesses and individuals.

Reduced Stress & Business Disruption
We manage the entire tax audit process efficiently, minimising interruptions to your daily operations and allowing you to focus on running your business.

Long-Term Support & Advisory
Even after the audit, BBK Partnership continues to provide ongoing support, ensuring you remain compliant and well-prepared for future reviews.

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Characteristics

At BBK Partnership, we understand that tax audits can be complex, time-consuming, and stressful for businesses and individuals. Our full suite of Tax Audit Services is designed to ensure complete compliance with tax regulations, minimise risks, and provide professional representation throughout the audit process. With decades of expertise in Sri Lanka and the UK, our team of specialists ensures that you face every tax audit with confidence, clarity, and the right support.

Comprehensive Tax Audit Preparation

We help you prepare thoroughly for audits by reviewing your accounting records, tax filings, and supporting documentation. Our proactive approach ensures potential issues are identified and resolved before tax authorities review your case.

Representation Before Tax Authorities

Our experienced tax advisors act as your representatives in all communications and meetings with the Inland Revenue Department or HMRC. We handle queries, prepare responses, and negotiate on your behalf to achieve the best possible outcome.

Corporate Tax Audits

We assist companies of all sizes in navigating corporate tax audits, covering areas such as corporate income tax, transfer pricing, capital allowances, and international tax compliance. Our goal is to reduce liabilities while ensuring complete compliance.

VAT, PAYE & Indirect Tax Audits

Our team provides expert support during VAT, PAYE, and other indirect tax audits. We review transactions, ensure proper documentation, and advise on corrective measures to avoid penalties and interest.

Risk Assessment & Compliance Reviews

Ahead of an audit, we conduct detailed risk assessments of your financial statements and tax filings. By identifying weak spots or inconsistencies, we help you strengthen compliance and avoid unnecessary challenges during the audit.

Individual & SME Tax Audits

For sole traders, partnerships, and SMEs, we provide tailored audit support to ensure personal and business taxes are accurate and defensible. We simplify the process while safeguarding your financial position.

Post-Audit Support & Advisory

Once the audit is complete, we provide a full review of findings and help you implement corrective measures. Our advisors guide you on strengthening compliance systems and minimising the risk of future disputes.

Confidential, Professional & Stress-Free Handling

All our tax audit services are delivered with the utmost confidentiality, professionalism, and sensitivity. We ensure your records are protected, your reputation preserved, and your financial exposure minimised.

Initial Consultation & Engagement

We begin with a detailed discussion to understand your business, review your tax filings, and clarify the scope of the tax audit. An engagement letter is signed to formalize the process.

Information Gathering & Document Review

Our team collects and reviews all relevant records, including financial statements, tax returns, invoices, payroll data, and supporting documentation.

Risk Assessment & Planning

We conduct a risk analysis to identify key areas of concern, such as deductions, exemptions, and compliance with tax laws. Based on this, we design a tailored audit plan.

Fieldwork & Testing

Auditors perform detailed testing of transactions, verify reported income and expenses, and assess whether tax obligations have been met accurately and fully.

Compliance Evaluation

We evaluate your compliance with local tax regulations, identifying any discrepancies, underpayments, or overstatements that may attract penalties.

Draft Findings & Discussion

A draft report is prepared outlining audit observations. This is shared with management for review, discussion, and clarification before finalization.

Final Report & Recommendations

The final tax audit report is issued, clearly highlighting findings, potential risks, and practical recommendations to improve compliance and efficiency.

Post-Audit Support

Our team provides ongoing support, helping you resolve tax issues, respond to authorities, and implement corrective measures to minimize future risks.

Complete Confidentiality

We manage all tax audit matters with strict confidentiality, safeguarding your financial data and sensitive records at every stage.

Experienced Tax Audit Specialists

Our team includes qualified accountants and tax professionals with years of expertise in handling complex audits across industries.

Compliance with Tax Laws

We ensure your records fully comply with Inland Revenue regulations, minimizing risks of penalties and unnecessary disputes.

Tailored Audit Approach

Every business is unique, so we design audit strategies specific to your operations, size, and industry requirements.

Efficient Audit Process

Our structured methodology and use of digital tools make the audit process smooth, accurate, and minimally disruptive to your business.

Clear Reporting & Findings

We provide detailed yet easy-to-understand reports, highlighting risks, gaps, and recommendations to strengthen compliance.

Cost-Effective & Transparent Service

Our pricing is clear, with no hidden costs, ensuring you receive maximum value for professional audit support.

Long-Term Compliance Support

We continue to guide you beyond the audit, offering advice and strategies to maintain compliance and optimize tax efficiency.

Medium-Sized Export Company

CEO

When our business received a sudden IRD tax audit notice, BBK Partnership’s team stepped in immediately. They reviewed our books, prepared reconciliations, and represented us professionally. The audit was completed smoothly with no penalties, saving us significant costs and stress.

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FAQ

You can learn more from our asked questions

Our Frequently Asked Questions provide clear, practical answers on everything from getting started to digital solutions, tax compliance, and more. Explore the topics below to gain deeper insight into how BBK Partnership can support your business at every stage. If you can’t find the answer you need, our team is always ready to help just reach out!

What are tax audit services?

Tax audit services at BBK Partnership involve a thorough review of your financial records, tax filings, and business practices to ensure compliance with tax laws and regulations. These services are designed to prepare you for Inland Revenue Department (IRD) audits or to respond effectively when one is initiated.

Why would I need tax audit services?

If your business is selected for a tax audit or compliance review by the IRD, BBK Partnership provides expert representation, accurate documentation, and strategic advice to safeguard your interests. Even if no audit is pending, proactive tax audit services can help identify risks and ensure your filings are error-free.

What does BBK Partnership’s tax audit service include?

Our service includes reviewing past and current tax returns, preparing documentation, reconciling discrepancies, liaising with tax authorities, attending meetings on your behalf, and drafting responses to audit queries. BBK Partnership ensures full support from the start of the audit to its resolution.

Who can benefit from tax audit services?

Any individual, partnership, or company that files tax returns can benefit. BBK Partnership’s tax audit services are especially valuable for businesses with complex transactions, high volumes, foreign dealings, or those in industries subject to frequent scrutiny by tax authorities.

What triggers a tax audit by the IRD?

Tax audits may be triggered by inconsistencies in filings, random selection, unusual deductions or claims, delays in submission, or industry-specific risk flags. BBK Partnership helps assess potential triggers and ensures your filings are accurate, timely, and defensible.

How long does a tax audit usually take?

The duration of a tax audit can vary depending on the complexity of your records and the scope of the investigation. BBK Partnership helps streamline the process, minimising delays by preparing all necessary documentation and responding quickly to IRD requests.

Can BBK Partnership represent me during the audit?

Yes. BBK Partnership acts as your authorised representative throughout the audit process. We handle all communications with tax officers, attend meetings, and ensure your legal and financial position is clearly and accurately presented.

Is my information kept confidential?

Absolutely. BBK Partnership follows strict confidentiality policies. All audit-related data, correspondence, and discussions are handled with the highest level of discretion and professional care.

What happens if errors are found during the audit?

If errors or omissions are discovered, BBK Partnership assists in rectifying them, negotiating with the IRD, and minimising penalties where applicable. Our goal is to resolve the matter efficiently and protect your financial standing.

How can I prepare for a future tax audit?

The best way to prepare is by maintaining clean, organised records and ensuring regular tax compliance. BBK Partnership offers periodic tax health checks, documentation reviews, and pre-audit assessments to help you stay fully prepared and audit-ready at all times.