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The Dear(ly) Diary

bookkeeping tips, demystified (plus, a good dose of friendly advice on profitable entrepreneurship!).

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Audit

Avoid an Audit for Your Small Business: Write-Offs That Raise Red Flags

Who wants to be audited by the Internal Revenue Service? No one. It’s a tedious and stressful process that we’d all rather avoid. So what’s the secret? Well, there’s no foolproof way to avoid a tax audit, but you can reduce your risks by being selective about which business expenses you write off on your […]

Audit

Top 3 Things I Learned From Working as an Auditor

One of the things I hear all the time from my clients is that they’re afraid of getting audited. They feel anxious that they’re messing up — and are worried that someone would go through their books and find mistakes that lead to fines or even jail time.  Are those real risks when you get […]