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Tax news you need to know
Friday, August 13th, 2010Hi everyone. Are you taking all the tax deductions you are entitled to? Do it right to protect yourself in case of an audit.
According to Anderson Business Advisors, "Large tax deductions are a notorious red flag for the IRS, with home-based businesses, in particular, facing an increase in tax audits due to suspicious deduction activity on income tax returns." Here is the full article from their August newsletter with, as they say, "some foundational guidance that will help you take the deductions that you deserve."
Small Businesses Expenses 101
Here's to many happy deductions!
Your Biz Lady
Shauna
YourBizLady’s Neighborhood, where your business finds the tools it needs to increase profits, save time, reduce expenses
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