Businesses that are slowly emerging from the COVID-19 pandemic should now keep their eye on another looming obstacle: IRS audits. In late 2020, the IRS announced that it will increase tax audits of small businesses by 50 percent in 2021. Here are several mistakes to avoid if you do get audited by Uncle Sam.
Please call if you either need help preparing for an upcoming IRS audit or would like to know how to audit-proof your financial records.
Last updated: 07/09/2021
Laurie A. Stillwell, CPA, P.C.
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