View Full Version : Audit!

03-02-2007, 08:03 PM
I got a letter from saif corporation today (for workers comp) that they want to do a "premium audit" of all our records! Is this a big deal? Apparently it can be as long as a full day unless you are well prepared. We use quickbook pro and I feel like we are efficient with our record keeping, I am just wondering if they will want to look at equipment, trucks or go through the shop? Is this a biggie? anyone else go through one of these audits?

03-02-2007, 08:41 PM
Yearly thing, no sweat! It may take 15 minutes on your part. They look at 941's and unemployment reports is about it. Liability insurance is usually a yearly audit also.

03-02-2007, 09:51 PM
Workers comp premiums are based on payroll. We had an audit and found out we paid to much on our premiums. Can you say REFUND!!! :clapping: Don't sweat it. No biggie.

03-02-2007, 11:05 PM
Excellent! thanks for the replies that makes me feel a bit better.

03-03-2007, 08:12 AM
I get one every year in the mail...no problermo.

03-03-2007, 08:38 AM
When had I employees it was not a big deal at all.