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140 \\ Avoid an IRS Nightmare: How to Protect Your Business from the Biggest Audit Risk
Manage episode 440717118 series 3399967
Kandungan disediakan oleh Tiffany Phillips - CPA, Small Business Money Mentor, Financial Expert, Tiffany Phillips - CPA, Small Business Money Mentor, and Financial Expert. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh Tiffany Phillips - CPA, Small Business Money Mentor, Financial Expert, Tiffany Phillips - CPA, Small Business Money Mentor, and Financial Expert atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.
In this episode, we're diving into the number one audit risk that many small business owners unknowingly make—and it’s a mistake I see all the time! If your business earns less than $500,000 a year (or even more!), you might be at risk for an IRS audit without even realizing it. We’ll discuss why mixing personal and business finances is a big no-no, how it can lead to serious problems, and the simple steps you can take today to fix it.
Plus, I’ll share tips on keeping your records clean, using easy-to-use software to track receipts, and how staying disciplined with your money can protect your business. Don't let an audit catch you off guard!
Tune in to learn how to keep your finances in order, stay compliant, and avoid common pitfalls that could cost you big time. Let’s get your business audit-proof and running smoothly!
Next Steps:
☎️ Find out how much you're overpaying in taxes every year! Schedule a FREE discovery call to find out --> https://phillipsbusinessgroup.com/
📧 Contact Me --> hello@phillipsbusinessgroup.com
📲 Follow me on IG @ the.tiffany.p.cpa
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