These Nine Things Are Essential to Preparing Your Tax Return

On February 16, 2018, Posted by , In Taxes, By ,,, , With Comments Off on These Nine Things Are Essential to Preparing Your Tax Return

For most businesses, using an accountant to prepare their tax return is the best option. Tax mistakes can be costly, and many business owners simply don’t have the time to become tax experts on the side. What you can do is have all of the required information gathered prior to…

The Most Common Small Business Tax Audit Triggers

On October 27, 2016, Posted by , In Taxes, By ,, , With Comments Off on The Most Common Small Business Tax Audit Triggers

The IRS uses a computer program called the Discriminate Function System (DIF). This program analyzes returns and will flag anything that is outside statistical norms. If your return receives a high DIF score, an IRS agent will review it and determine if there should be an audit. Luckily, there are…