No one likes to think about being audited by the IRS. If you’re a small business owner and have concerns about the possibility of being chosen for an audit, take a deep breath and read on. Being aware of what triggers an audit enables you to be proactive. Here’s how to avoid a tax audit for your small business.
Just as sure as the daylight hours grow longer in the spring, tax time is one thing you know always rolls around each year like clockwork. For many, this annual assessment is preceded by headaches and stress, but we’re here to tell you that if you approach it strategically, tax documentation can be fairly painless. Here are some best practices for Small Business Owners in preparation for tax season.