Tax And Auditing Tips For Small Companies
From the recent tax and audit trends, it is clear that most of the small and medium companies are not complying with the requirements set by the tax authorities. As a result, the tax authorities are experiencing shortfalls in the annual revenues. To address this problem, the tax authorities are forced to conduct frequent audits for the small businesses that don’t seem to comply with the taxation rules. If you are a small business owner, it is advisable to hire tax professional to help you identify and deal with the tax issues that could lead to audit.
Common Issues That Lead To Audits.
There are two major reasons why your company is likely to be audited. One of the main reasons is the outcome of the past audits conducted in your company. With a reliable tax expert on your side, it is quite …