Audit-Proof Your Small Business

Image credit: Getty Images. Article by: Andrew Gillund, CPA, MBT. Kiplinger – August 1, 2022.

When you’re running a business, you have a lot to manage. If there isn’t a person in your face forcing you to stay on top of a task, it can be easy to keep putting it off to tomorrow, Friday or next week … and soon you have a large pile to work through. While this strategy works for many projects, it can lead to trouble in the financial realm. If you’re audited, you’ll need a track record for each transaction or face consequences. Your business expenses are not something you can make up or give your best-educated guess. […]

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