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#1 (permalink)   04-03-2009 VAF Newsbot Junior Member Company name: Virtual Assistant Forums   Join Date: Feb 2009 Posts: 350 Strategies: Top 9 small-business tax audit triggers - USA Today Strategies: Top 9 small-business tax audit triggers USA Today You've finished preparing your small-business taxes, right? No? Don't worry — I've got some last-minute advice to lessen your chances of getting audited as you rush to the wire before April 15. Frankly, the likelihood of getting audited is pretty darn slim in any case. In fact, small incorporated businesses (Subchapter S) had less than one-half of 1% chance of being audited in 2008, according to the IRS. But having been audited once, I can tell you, you want to avoid the hassle even if you come out squeaky clean (like me). With some help from the accounting firm BDO Seidman, I've put together my list of the top nine triggers for audits of small businesses. But hold on — you don't want to avoid all of them. In fact, some of them are darn good business practices, even if it means the IRS pulls out their magnifying glasses. Do's and don'ts... Click here to read the full article.

#2 (permalink)   04-05-2009 Tess Senior Member Company name: Codehead, LLP Latest blog post: SEO Q&A   Join Date: Apr 2007 Location: Portland, OR Posts: 9,131 Blog Entries: 3 Re: Strategies: Top 9 small-business tax audit triggers - USA Today Interesting article - would LOVE to have number 2 on this list as one of my 'problems' Not sure I agree with her advice not to take a home business deduction on a home office. As long as you've set that space aside, why on earth wouldn't you take the deduction?? __________________ Create a welcome packet for new clients with this guide and free templates! (Available in PDF and Kindle versions)