Browsing: Business

     Even if you’ve confirmed it’s a legitimate audit, it doesn’t mean you’ve done anything wrong. Sometimes you’ll get a “related examination,” when your returns involve issues with other taxpayers whose returns were selected for an audit. Other times it may be completely random; you’re selected based solely on a statistical formula.

     In 2023, “March Madness” took on a new meaning. Traditionally known as the nation’s premier college basketball competition, this year that moniker could also describe the madness that sprang from the closure of two banks with combined assets of $322 billion that affected consumers and small businesses in over 15 states.

      Beginning March 20, a recent move by the Biden Administration will make owning a home more affordable for current and prospective homebuyers. Arriving just in time for the spring buying season, 850,000 mortgage borrowers who used FHA-financing for their homes as well as families choosing this popular mortgage program will benefit from lowered mortgage insurance premiums.

“I am thrilled to open our first location where customers near and far can come for a fully immersive shopping experience,” said Charis Jones, Founder and CEO of Sassy Jones. “A place where the unicorns can play – it isn’t about the purchase; it’s about how each customer feels. I want the Sassy Jones woman to walk away with more than just a handbag, I want her feeling gorgeous, connected and loved. This location will be the first of many to do just that.”

Are you worried about the likelihood of your business being audited by the IRS? If so, there are a lot of preventive red flags that you can keep an eye out for when looking to protect your business from being the focus of an audit.