Tax Audits

The prospect of an IRS tax audit is a scary one for the small business owner. It isn’t so much that they’re concerned about having cheated on their taxes; most small business owners are honest and do their best to pay their fair share. What they’re worried about is the possibility of a mistake.

Mistakes do happen when it comes to small business taxes, no matter how careful you are. During the course of an IRS tax audit, you can be pretty sure that the government is going to discover those mistakes, as well. In some cases, even the simplest mistakes can leave you owing hundreds or thousands of dollars in back taxes and penalties.

If your small business is … Read more →

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