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Audits are on the rise for small business owners

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I don’t want to beat a dead horse but every time I turn around, there’s a new wrinkle or a new bit of fine print that an insurance company or tax agency is using to their advantage. The battle rages on!

As strapped governments and insurance companies look for more revenue, audits of all kinds are on the

Don't be a lemming!

rise. Running your business on the wrong side of the law is not only costly in terms of money, but the stress completely destroys lives and families. If cheating is blatant, many of these infractions can be criminal offenses.

Business owners are becoming acquainted with the “information age” with an impact of driving full speed into a bridge abutment. If you think the way to success is to somehow get around these regulations you have to be far more aware of them than if you intend to comply. When you analyze the expense of doing things wrong, it’s cheaper not to. If you’re doing something because you think everyone else is, remember the lemmings. The herd mentality is the easy way out and is rarely right. Cut away before you feel the water. Arm yourself with education and surround yourself with knowledgeable professionals.

[Here is the IRS test to determine whether someone is an employee or independent contractor]


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