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6 Critical Components of Indisputable Documentation for Home Business Owners

Home business owners shudder at the sound of the word ‘Audit’. Collectively, we should. Why? When it comes to being audited, we are often ill-prepared, or not prepared at all. Let’s clear up some myths. While home business owners are 3 times more likely to get audited, than W-2 wage-earners, we are no more likely …

The Quick and Dirty on IRS Audits

If there is an ‘A’ word that strikes fear in the normal human being, it’s ‘Audit’. The official definition of an audit is:  an official inspection of an individual’s or organization’s accounts to ensure the taxpayers are complying with tax laws and reporting the correct amount of tax, income, and expenses. The real definition, to …

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