140 \\ Avoid IRS Trouble: Stop Mixing Business and Personal Finances Before It’s Too Late
- Author
- Tiffany Phillips - CPA, Small Business Money Mentor, Financial Expert
- Published
- Thu 19 Sep 2024
- Episode Link
- https://smallbusinessfinance.podbean.com/e/140-avoid-an-irs-nightmare-how-to-protect-your-business-from-the-biggest-audit-risk/
One of the top reasons small businesses get audited by the IRS has nothing to do with revenue—it’s sloppy bookkeeping. In this episode, learn why mixing personal and business finances is one of the biggest audit risks and what to do about it right now. We break down why commingling funds is a red flag, how it can pierce your LLC’s legal protection, and the simple steps you can take to separate accounts, document receipts, and keep clean records. You’ll also hear practical tips on using automation tools like Dext to stay organized and avoid headaches. If you’ve been running expenses through your business account without discipline, this episode is your wake-up call to protect your business and keep the IRS off your back.
Next Steps:
💰Pay Less in Taxes – Start Here! 💰
☎️ Are you overpaying in taxes every year? Schedule a FREE discovery call to find out!
📧 Contact Me --> [email protected]
📲 Follow me on IG @ the.tiffany.p.cpa
