Internal Revenue Code

Tax Tips for Professionals

Hoping to lower your tax bill?  Many professionals miss tax deductions each year because they aren’t aware of them or fail to keep the necessary records required to substantiate such deductions.  Below are some of the tax deductions that are often missed. 1. Local transportation: Professionals can deduct the costs of local transportation expenses if […]

Preparing for a Business Audit

Be prepared for an audit of your business. Who’s afraid of the IRS? Almost everyone. The key to surviving a tax audit — and even coming out on top — is not to panic, but prepare.   What to Do Before Your Audit If you go it alone, before meeting the auditor, you should thoroughly […]