• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Submissions
  • About Us
  • Contact Us
  • Jun 2, 2023
  • Startup
    • Creating a Plan
    • Funding a Startup
    • Franchise Center
    • Getting Your Office Ready
    • Making Your Business Official
    • Marketing Your New Business
    • Personal Readiness
  • Run & Grow
    • Customer Service
    • Human Resources
    • Innovation
    • Legal
    • Operations
    • Risk Management
  • Leadership
    • Best Practices
    • Communication
    • Green Initiatives
    • Open Culture
    • Strategic Planning
    • People Skills
  • Sales & Marketing
    • Advertising and Lead Generation
    • Marketing Innovations
    • Marketing Plans
    • Online Marketing
    • Relationships
    • Sales Activities
  • Finance
    • Budgeting and Personal Finance
    • Payments and Collections
    • Tax and Accounting
    • Pricing Strategy
    • Working with Investors
    • Working with Lenders
  • Tech
    • eCommerce
    • Hardware
    • Software
    • Security
    • Tech Reviews
    • Telecom
  • Shop

SmallBizClub

Helping You Succeed

taxbandits banner
Home / Archives for Audit

Audit

What Exactly is an Audit and How Does it Work?

Mar 22, 2023 By Michael Dunlop

how-to-help-your-small-business-survive-a-tax-audit

An audit is an examination of a business’s financial reports by an independent auditor or organization. The main purpose of an audit is to ensure the information included in the financial reports is true and reflects the company’s financial position at a given date. So, an audit is not necessarily bad for your business; it […]

Filed Under: Tax and Accounting Tagged With: Audit

Does Your Company Meet the Relevant Criteria to Carry Out an Audit?

Nov 29, 2021 By Luke Britton

Does your business need to complete a company audit? As a legal requirement, it’s important that you know whether or not your company meets the criteria. In addition to it being a legal requirement, an audit can deter fraud and also add value to your company by adding trust in an organisation and giving people […]

Filed Under: Finance Tagged With: Audit

7 Easy Steps to Prepare a Flawless Audit for your Business

May 28, 2021 By Louise Harris

how-to-help-your-small-business-survive-a-tax-audit

Source Being in the corporate world comes with tons of responsibilities. From sustaining a great brand image to monitoring every financial statement, there is a lot to deal with. Among all the challenges and duties, preparing for an audit is what drives most managers crazy. It sounds like a piece of cake, but there are […]

Filed Under: Finance Tagged With: Audit

What To Do If the IRS Audits Your Business Tax Returns

May 14, 2021 By Kevin Thorn

The Internal Revenue Service (IRS) is cracking down on small business tax fraud. In the midst of the COVID-19 pandemic, the IRS’ Small Business/Self-Employed Division established a new Office of Fraud Enforcement, and the agency has recently issued several news releases discussing common small business tax mistakes and warning of their consequences. With this in […]

Filed Under: Finance Tagged With: Audit, IRS

IRS Audit Rates Increase As Income Rises

Dec 21, 2020 By TaxConnections

Few things can generate as much taxpayer concern, confusion and controversy as an IRS audit. Tax audits are a critical compliance tool to help ensure fairness in the tax system, and the IRS works hard to ensure the agency’s audit selection process is fair and impartial. Decisions to conduct audits are based on the financial […]

Filed Under: Tax and Accounting Tagged With: Audit

7 Things Not to Do During an Audit

Aug 31, 2018 By TaxConnections

We get it. Tax audits can be nerve-racking, to say the least. And while there is a lot of information out there on what is appropriate to do, there isn’t much on what not to do. So allow us to outline some of the things you should never do during an IRS audit. 1. Do […]

Filed Under: Tax and Accounting Tagged With: Audit, IRS, Mistakes, Taxes

How to Prepare Your Business for a Compliance Audit

Jun 29, 2018 By Aaron Lee

Preparing your business for an upcoming compliance audit is no easy task, and can’t be rushed if you hope to avoid stiff regulator fees. Many business managers and even accounting professionals are nonetheless having a hard time ensuring that their operations are compliant, and don’t know where to turn to for advice in a digital […]

Filed Under: Risk Management Tagged With: Audit, Compliance

Secrets and Tips to Avoid or Conquer an IRS Audit

Jun 23, 2017 By 1800Accountant

If your reported income seems a little high or low, chances are you might hear a knock on your door from the Internal Revenue Service. We know the tax filing process is a colossal headache. But unless you’re evading taxes like Al Capone—and we don’t recommend that at all—the IRS understands how complex the U.S. […]

Filed Under: Tax and Accounting Tagged With: Audit, IRS, Taxes

Primary Sidebar

bottom line ad

Random

15 Reasons No One Cares About Your Small Business Right Now

May 31, 2023 By Jeremy Bowler

4 Things to Keep In Mind When Choosing Your Next Vehicle

May 30, 2023 By Becky Wilson

How to Compare Guaranteed Investment Certificates

May 30, 2023 By Paul Williams Short

Why Is It Important To Tell A Story In Your Marketing?

May 26, 2023 By Dan Alvin

The Power of Collaboration: Why It’s Essential for Small Businesses

May 25, 2023 By SmallBizClub

Footer

About Us

Small Biz Club is the premier destination for small business owners and entrepreneurs. To succeed in business, you have to constantly learn about new things, evaluate what you’re doing, and look for ways to improve—that’s what we’re here to help you do.

  • Facebook
  • LinkedIn
  • RSS
  • Twitter

Copyright © 2023 by Tarkenton Institute, Inc. All Rights Reserved | Terms | Privacy