🔍 Welcome back to our channel! Today's video is a must-watch for every small business owner. With the IRS ramping up audits, it's more important than ever to be aware of the red flags that could put your business in the spotlight. We're breaking down the top 10 reasons small businesses get audited and how to steer clear of them. From handling S-Corp compensation to understanding proper deductions, we've got all the insights you need to keep your business audit-free.

📌 In this video, you'll learn about:

- Increased IRS audits on small businesses.
- S-Corp compensation pitfalls.
- The dangers of over-deducting.
- Risks of reporting constant losses.
- The impact of sloppy math on your finances.
- Handling cash transactions wisely.
- High income as a sole proprietor and its implications.
- Correct classification of independent contractors.
- The importance of paying quarterly estimated taxes.
- Consequences of late filing and other compliance issues.

💼 We'll guide you through each point with practical advice and examples, helping you understand not just what to avoid, but how to run your business in a way that minimizes your chances of an IRS audit.

👉 Remember, knowledge is your best defense against audits. This video is packed with valuable tips and strategies to help you maintain a clean and compliant business. And if you're ever in doubt, seeking professional tax advice is always a smart move.

🔔 Don't forget to like, subscribe, and hit that notification bell to stay updated with our latest videos. Your journey to a smarter, more secure business starts here!

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