58 \\ Avoid IRS Trouble: Tax Tips and Documentation Every Small Business Needs
- Author
- Tiffany Phillips - CPA, Small Business Money Mentor, Financial Expert
- Published
- Mon 27 Nov 2023
- Episode Link
- https://smallbusinessfinance.podbean.com/e/at-risk-of-an-audit-tax-requirements-to-know/
Are you ready if the IRS comes knocking? In this episode of the Small Business Finance podcast, Tiffany breaks down what documentation you need to avoid costly mistakes during an audit. Learn why bank statements alone aren’t enough, how to track receipts and invoices the right way, and the key details you must record for meals, entertainment, and deductions. She also explains what counts as documentary evidence, exceptions for small amounts, and how long to keep records. Whether you’re behind on your business tax tracking or just want to be prepared, this episode gives you simple tax tips to protect your small business. Stop guessing and start building confidence in your small business finance system so you can focus on growth instead of audits.
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
