IRS Business Audit

Red Flags for an IRS Business Audit

In 2018 the Internal Revenue Service (IRS) processed over 250 million tax returns and other forms. Smaller budgets and a leaner workforce meant the IRS only audited 0.59% of those returns. Your chances of avoiding an IRS business audit are pretty good, however, certain factors can raise a few red flags, increasing the probability of…

Business Succession Plan Grand Rapids and Grandville

5 Reasons You Need a CPA for Business Succession Planning

While retirement is typically the main reason for a business succession plan, other unexpected events can happen at any time. A proper succession plan ensures that your wishes are carried out and the business continues running in the manner that you envision. But, the key to successful exit planning isn’t actually about the exit –…

Automobile expenses for business, Grandville accountant and business consulting

Automobile Expenses for Business

The rules for automobile expenses in a business can be quite simple, or very complicated, depending on each taxpayer’s circumstances. The term “Business Use” means just that. If you are using the vehicle for business purposes then you have a tax deduction. It is important to note that the term “business use” does not include…