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Why you need a proper bookkeeping system. Quickbooks is not adequate.

Posted By Dan White On September 14, 2007 @ 10:53 am In Tax Tips | No Comments

Results of Construction Sector Audits
Number of audits	24,944
Federal tax assessed	$140 million
Interest and penalties	$44 million
GST New Housing Rebate reductions	$36 million
Results of the Contract Payment Reporting System
Amount of unreported income detected	$88 million
Number of non-filer and non-registrant tax returns	58,903

It is interesting how CRA is in the business of money. Based on the above data from the CRA web site,

They took in an average of $5,612.57 per audit.

If all those customers had used our BKS System, the average CRA grab could have been reduced to zero.

BKS is the only bookkeeping system that is structured to keep all expenses safe in an audit.

For anyone who wants to live audit worry free, BKS fills the bill.

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