In March 2025, a rumor spread online that most of the Internal Revenue Service (IRS) agents that U.S. President Donald ...

It is a great option for small businesses without too many transactions ... the settlement of your estate after you're gone, lower audit risk, reduce costs and cut your beneficiaries' stress.

The challenge of having to navigate countless forms and compiling all of the correct information can turn tax season into an ...

The decrease from 2017 is 1%. There was a five-percent increase in the average audit fee for private companies, which was $139,000 in 2013. In 2017, revenues increased by 6%. Are small businesses ...

Understanding what not to do is crucial to avoid an audit. Below, I’ll share several actions LLC business owners make that I’ve seen commonly trigger an audit and discuss how to avoid these ...

Small businesses don’t have the luxury of in-house accounting teams so a proposed tax on business services would hurt them the most, writes the head of the Maryland Association of CPAs.

Over that same period, the agency said it won’t increase the “historically low levels” of audits for small businesses and taxpayers making under $400,000. Odds of being audited by the IRS ...

Nozipho Tshakane owns Cleanfest, which specialises in conducting hygiene audits for small businesses in the food, packaging ...

An official audit of artificial intelligence within the Australian Taxation Office (ATO) has revealed the AI tools used on small business taxpayers, with bespoke systems assessing everything from ...