Fresh Takes on The Numbers That Run Behind Your Biz + Life
DESi’s Digest
how does the IRS decide who to audit?
In the days of "big data," the IRS uses an algorithm to measure all kinds of data on your tax return, and compare it to others'. The IRS knows your field, and they know what a "normal" range of expenses is on any given category on your tax return. So, when your numbers pop out of that normal range, your tax return gets a flag.
In this week's podcast episode, I'm talking about the fascinating way that the IRS identifies taxpayers for audit. And how you can see what they're seeing, and keep yourself protected.
I'm also teaching you which category on your deductions is actually beneficial to you and which categories you should not treat as a "dumping ground".
It is a little tax-nerdy, but very interesting, and will keep you protected.
7 Successful CEO Habits to Thrive as an Entrepreneur
In entrepreneurship, habits are key. Learn more about the important daily habits that CEOs swear by and grow your business to the next level.
Hiring a Bookkeeper for a Small Business: What to Expect
Thinking of hiring a bookkeeper for your small business? Here's how to know if it's the right decision for you and what to expect from the process.
5 Eye-Opening Bookkeeping Tips for Entrepreneurs
Bookkeeping is an essential part of a healthy business, but entrepreneurs are confused on how to properly manage their books. Get started with these five tips.
5 Good Bookkeeping Habits for Small Business Owners
Are your business finances crystal-clear? If your answer is no, then these five bookkeeping habits for entrepreneurs & small business owners are a great start.