by Folasade Ayegbusi | Jul 23, 2021 | Tax
Struggling To Audit Proof? Here Is How To Make It a Daily Routine Audit proofing protects your business, and you from losing an IRS audit. It also protects you from having your tax write-offs being denied by the IRS. However, talking about audit proofing is one thing,...
by Folasade Ayegbusi | Jul 15, 2021 | Tax
This is how much not audit proofing can cost you If you don’t audit proof, you will be hurt, it is as simple as that. In this blog post, I will show an example of how this happens. I will show you how not audit proofing can hurt your bank account. The failure to audit...
by Folasade Ayegbusi | Jul 7, 2021 | Tax
Audit proofing protects your deductions and credits A tax deduction reduces the income you are taxed on. It makes you pay a lesser amount of tax than you would have without it. On the other hand, a tax credit reduces your actual tax bill. The impact of a tax credit is...
by Folasade Ayegbusi | Jun 23, 2021 | Tax
Is audit proofing for everyone? Being audited, as an individual taxpayer, means being asked to verify or substantiate all your tax credits and deductions. Therefore, when you audit proof yourself, you are putting everything in place so that you successfully complete...
by Folasade Ayegbusi | Jun 18, 2021 | Accounting
Benefits Of Audit Proofing Your Business How many of you have woken up to DMs from some random guy inviting you to use their “method” and pay zero taxes? How many of you almost, or did commit tax fraud based on that random guy’s recommendation? Indeed, this is...
