The last thing anyone wants is a letter from the IRS. For small business owners, though, it's not just a nuisance; communication from the IRS can bring with it very real stress, anxiety, and disruption to your daily operations. Fortunately, being aware of and understanding what might prompt an audit sets you up with a better chance of avoiding unnecessary attention in the first place. If you're a small business owner in D.C. or the surrounding area, here's what you should know about the most common IRS red flags and how to steer clear of them.

As your business grows, it's essential to ensure that your business structure continues to align with your goals. Whether you're adding new products, changing ownership, or simply evolving, the structure of your business can have significant tax and operational implications. Let's explore some of the most common business structures—Hobby, Sole Proprietorship, LLC, S-Corporation, and C-Corporation—and what they mean for your company.

As the push toward clean energy intensifies, the Advanced Energy Project Credit (AEPC) offers a unique opportunity for small businesses to benefit from this significant transition. Originally established under the American Recovery and Reinvestment Act of 2009, this tax credit has been renewed and expanded to encourage more businesses to participate in sustainable practices. Whether you're focused on manufacturing, recycling, refining, or industrial decarbonization, the AEPC could be a boon to your business.