Tax news you need to know

Hi everyone.  Are you taking all the tax deductions you are entitled to?  Do it right to protect yourself in case of an audit.

According to Anderson Business Advisors,Large tax deductions are a notorious red flag for the IRS, with home-based businesses, in particular, facing an increase in tax audits due to suspicious deduction activity on income tax returns.”  Here is the full article from their August newsletter with, as they say, “some foundational guidance that will help you take the deductions that you deserve.”

Small Businesses Expenses 101

Here’s to many happy deductions!
Your Biz Lady

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