For many small business owners, the words “IRS audit” instantly trigger anxiety. Maybe it’s the fear of missing paperwork. Maybe it’s uncertainty around deductions. Or maybe it’s the worry that one bookkeeping mistake could cost thousands in penalties. But you can You can absolutely audit-proof your business with a few smart systems and habits. WhenContinue reading “How to Audit-Proof Your Business and Eliminate Tax Anxiety”
Category Archives: Bookkeeping & Compliance
1099 vs W-2: The IRS Rules That Put Small Businesses at Risk of Costly Audits
Hiring 1099 contractors may seem smart—but misclassification can trigger IRS and NY DOL audits, massive penalties, and payroll tax bills. Learn the risks every small business owner must know.
My Fiscal Office is Requiring ALL clients to have a IRS Identity Protection (IP) PIN.
In the past, we strongly recommended that clients obtain an IRS Identity Protection (IP) PIN. This year, as part of our mandated Written Information Security Plan (WISP), we are now requiring all clients to have an IRS IP PIN.
File your Beneficial Ownership Information Report on time
To avoid criminal & civil penalties, businesses must file a report with the Financial Crimes Enforcement Network (FinCEN)
Why your growing business in New York needs the expertise of an accountant
As your company progresses and expands, relying solely on accounting software might not suffice.