audit risks

illustration of a cloud of application icons

Is Using Accounting Software Enough?

Accounting and Tax Advice / Tips|accounting software, audit risks, individuals, lessons learned, small businesses, startups

As we continue to move toward the future, the world around us evolves at a rapid pace. Even today, every business has computers when just last generation that idea might have seemed ludicrous. One thing …

business people shaking hands on the taking money out of your corporation can cost you blog post.

Taking Money Out of Your Corporation Can Cost You If Not Done Properly

Accounting and Tax Advice / Tips|audit risks, internal controls, small businesses

Owners of a C Corporation need to know that taking money out of your business can cost you. Learn about the risks and how to avoid them. Withdrawal vs. Dividend An owner or officer who pulls …

snapshot of a fish immersed in water that appears to be hooked on the reasons you might get audited blog post. A reference to being audit bait.

Are you Audit Bait? 5 Reasons You Might Get Audited

Accounting and Tax Advice / Tips|1099s, audit risks, earned income credit (EIC), employees vs subcontractors, IRS, small businesses, truck and auto expenses

Are you a small business owner, worried you might be audit bait? The Internal Revenue Service (IRS) is in business to make as much money as it can, as efficiently as it can. Congress wants the …

Are You Prepared For An Audit?

Tax Problems|1099s, audit risks, individuals, random selection, small businesses, tax audits

Audit Definition Are you prepared for an Audit? Using the IRS as a guide, a tax audit is defined as a review/examination of an organization’s or individual’s accounts and financial information to ensure information is …