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Tax Traps to Avoid

October 13, 2022by People First0

The best way to avoid IRS issues is to keep an accurate record of all revenue and expenses in your business. I’ve seen many business owners panic at the end of the year when it’s time to turn records over to their tax preparers because they have not documented anything. This becomes a nightmare for the tax preparer, can cause unnecessary additional tax liability and ultimately can trigger an IRS audit. Don’t get caught with your pants down, document, document, document. It will save you in the long run.

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Copyright by People First INC. All rights reserved. 2022

2022 Copyright by People First Inc.  All rights reserved.