by Folasade Ayegbusi | Sep 16, 2021 | Tax
Why use tax strategies? Building a business from the ground is not easy. You must employ every strategy at your disposal for the best outcome. Likewise, creating wealth from your meagre salary will not be easy; you will also need to hire several tax and investment...
by Folasade Ayegbusi | Aug 5, 2021 | Accounting, Tax
What is an IRS audit? An IRS audit is when, as a business or individual taxpayer, your financial statements, financial information, and accounts are reviewed. This is done to verify that the information you reported when filing your tax and information returns is...
by Folasade Ayegbusi | Jul 30, 2021 | Accounting, Tax
What is a tax write-off? In recent weeks, I have been talking about tax write-offs more than any other time in the past year. Tax deductions and credits can all be described as write-offs. But in this article, I am describing tax write-offs differently. They are...
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...
