Thursday Sep 19, 2024

140 \\ Avoid an IRS Nightmare: How to Protect Your Business from the Biggest Audit Risk

In this episode, we're diving into the number one audit risk that many small business owners unknowingly make—and it’s a mistake I see all the time! If your business earns less than $500,000 a year (or even more!), you might be at risk for an IRS audit without even realizing it. We’ll discuss why mixing personal and business finances is a big no-no, how it can lead to serious problems, and the simple steps you can take today to fix it.

Plus, I’ll share tips on keeping your records clean, using easy-to-use software to track receipts, and how staying disciplined with your money can protect your business. Don't let an audit catch you off guard! 

Tune in to learn how to keep your finances in order, stay compliant, and avoid common pitfalls that could cost you big time. Let’s get your business audit-proof and running smoothly!

 

Next Steps:

☎️ Find out how much you're overpaying in taxes every year!  Schedule a FREE discovery call to find out --> https://phillipsbusinessgroup.com/

📧 Contact Me --> hello@phillipsbusinessgroup.com 

📲 Follow me on IG @ the.tiffany.p.cpa

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