How important is the accuracy of the business census? I’m filling this out for my client to the best of my ability but this really needs input from other parties.

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Posting as :
works at
You are currently posting as works at

If your client wants you to fill it out for them, and you need information from them, ask them for the information you need.

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Do it to the best of your knowledge. Government doesn’t care if something isn’t right. It’s the gov.

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Census is used for compliance audits so it needs to be accurate

Is this for an employee benefit plan? It needs to be accurate to get the right numbers for agreeing between the third party admin -> to the payroll cpa -> to the company's books-> and back to what is reported on the 5500.
As a former irs agent, we were allowed a few $100 off due to timing but it's pretty strict for compliance audits. Any miss match and they spend months to find all the errors. And then they're pissed off about it too.
As an associate, the information on the census for demographics needs to match as well as the dollar amounts being within tolerance. Depends on the plan.
Both audits require compensation testing, eligibility, distributions, loans. Deaths benefits. 1099 and W2 agree etc. Expect more on unions and welfare plans less work on 401ks

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