Let’s be honest: I am sure nobody enjoys dealing with the IRS. The very idea of mistakes on your tax return, tax penalties, or even an audit is a nightmare situation for any business owner. But here’s the truth: The majority of the penalties that one is likely to receive from the IRS are avoidable. The key? Maintaining a proper book of accounts and records. Accounting is not just recording numbers, it is also about safeguarding your business against financial losses. Now let’s understand why accurate record keeping is your strongest armor against any IRS penalties.

https://mckibookkeeping.com/av....oiding-irs-penalties