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Small Business Accounting

What Actually Triggers an IRS Audit (And How to Protect Your Business)

There are few phrases that make a business owner’s heart sink faster than: “IRS Audit Letter.” Even if you’ve done everything right, the idea of someone scrutinizing your return can feel personal like you’re guilty until proven innocent. Let’s bring the temperature down. Do IRS audits happen randomly? Sometimes, yes. The IRS does run certain…

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Hiring Your Children (and Grandparents): A Legit, Audit-Ready Tax Strategy for Small Businesses

Paying family members for real work in your business can legally shift income into lower brackets, reduce self-employment tax, and keep more money in the family—while teaching valuable skills. Here’s the short, practical version. Why it works Income shifting: Pay your child for bona fide work → income moves from your higher bracket to their…

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