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Not So Little Red Flags: Protecting Your Business from Audits
Manage episode 477099256 series 3503526
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In this episode of What The Biz?!, Brigitte and Dan discuss the dreaded IRS audit. They break down common misconceptions, explain what triggers audits, and provide actionable advice to help business owners maintain accurate records and minimize their risk.
Listeners will learn:
- Common misconceptions about IRS audits.
- Key red flags that can trigger an audit.
- Best practices for bookkeeping and record-keeping.
- The importance of accurate revenue reporting.
- How to handle home office and vehicle deductions correctly.
The information provided in this podcast is based on the hosts' personal experiences and general knowledge. While we strive to offer helpful insights, we are not tax professionals. Tax laws and regulations can be complex and vary based on individual circumstances. It is essential to consult with a qualified tax professional for personalized advice regarding your specific tax situation.
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Hosts
Daniel Proczko - myPocketMarketing
Brigitte Vegter - Vegter Financial
72 episodes
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