Kiplinger

Audit-Proof Your Small Business

When you’re running a business, you have a lot to manage. If there isn’t a person in your face forcing you to stay on top of a task, it can be easy to keep putting it off to tomorrow, Friday or next week … and soon you have a large pile to work through.

While this strategy works for many projects, in the financial realm. If you’re audited, you’ll need a track record for. Your business expenses are not something you can make up or give your best-educated guess. They need to be accurate, and you need to have the evidence to back them up.

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