One of the leading reasons small businesses get audited by the IRS is under-reporting income. This can happen in various ways, such as failing to report all income sources, inflating business deductions, or misclassifying workers. These missteps often result in serious tax penalties, interest charges, or even legal issues. If you’re a small business owner, … Continue reading “The Number One Reason Small Businesses Get Audited, and How to Help Prevent It”
