Tag: audit
Preparing for an audit? Don’t panic and follow these steps…
Small business owners may receive some unwanted mail in 2014--an IRS audit notice. While it's likely a randomly generated inquiry into your business, the mere thought of accounting for every last step on your tax trail can be daunting. We...
IRS Audit Technique Guide Sheds Light on Examinations of Cash Businesses
The IRS has previously issued an Audit Techniques Guide (ATG) for examinations of cash intensive businesses. The IRS noted in the ATG that many cash intensive businesses have weak internal controls, lack an audit trail, and have inadequate books and...
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