Businesses that are slowly emerging from the COVID-19 pandemic should now keep their eye on another looming obstacle: IRS audits. In late 2020, the IRS announced that it will increase tax audits of small businesses by 50 percent in 2021. Here are several mistakes to avoid if you do get audited by Uncle Sam.
Please call if you either need help preparing for an upcoming IRS audit or would like to know how to audit-proof your financial records.
Soloway Advisory offers customized solutions for tax and accounting needs. Providing tax planning, compliance services, and preparation of federal, state, and local tax returns for individuals and small businesses.
Office Number: (631) 473-5759
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4667 Nesconset Hwy
Port Jefferson Station, New York 11776
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