Tag Archives: audit

Q&A: IRS Audits

Being selected for an audit doesn’t mean that you’re suspected of incorrectly reporting your taxes. There’s no getting around it:  The prospect of being audited by the IRS is unnerving.  But the agency chooses to audit individuals and businesses for … read more

8 Steps To Protect Yourself From Business Fraud

The following article was previously posted in the “Intuitive Accountant” by Renee Lacerte. For small companies and accounting firms, fraud is becoming an increasingly big issue. The fact is criminals know that small businesses tend not to have adequate fraud … read more

Avoid a Problematice Audit with Complete and Accurate Books

While Tax law does not require businesses to maintain books and records in any particular way.  It does require them to keep accurate and complete set of books.  Businesses are also required to keep supporting evidence for those records (i.e. … read more