People who file electronically are more likely to be audited
Myth about Accounting
People who file electronically are more likely to be audited
The majority of returns are now filed electronically. Pretty soon, e filing will probably be mandatory, so people have naturally begun to worry about the new system being more prone to audits. Yet, the IRS audit rate remains steady at less than 2% of all returns. The main audit triggers are the same as always, things like filing late, high self employment income and math errors.
Small businesses don t need accounting
Accountants are introverted or boring
An Accountant will cost me an arm and a leg
Accounts are for qualified accountants only
Manual accounting is fine If it isn t broke why fix it
Accountant equal Tax Preparer or IRS Agent
I pay business expenses out of my own pocket It s really no big deal
Accountants like it when you make fun of them
I can handle my accounting myself I have QuickBooks
Accounting is about math
I really don t need accounting reports to know how my business is doing
I still need to calculate taxes manually More ...
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