Tune into #businessbythenumbers every THURSDAY to talk #autorepair and #autorepairbusiness with Hunt!
Links:
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Check out Hunt's Podcast, "Business by the Numbers," every Thursday
www.paarmelis.com/business-by-the-numbers
NapaTracs: https://napatracs.com/
Promotive: https://gopromotive.com/
Chapters
0:00 Introduction
1:33 Changes happening with executive orders now that Trump is in office
2:52 What causes the IRS to audit someone?
7:13 IRS Audit Trigger #1: Underreporting income
10:08 IRS Audit Trigger #2: Kinds of Income – Gambling,
13:16 IRS Audit Trigger #3: Kinds of Industries – Art/Wine/Equine
15:11 IRS Audit Trigger #3: Losses
17:49 IRS Audit Trigger #4: Does the date that I file a return matter?
19:38 Conclusion
#IRSAudit #TaxTips #AuditPrevention #BusinessTaxes #SmallBusinessAccounting #TaxPlanning #FinancialHealth #CPATips #AvoidingAudits #SmallBusinessFinance #TaxCompliance #TaxSeasonTips #AccountingMatters #IRSTriggers #SmallBusinessSuccess