Best Accountants in Brookhaven, GA

It’s all about excellent record-keeping. Your IRS Audit risk is well within your control! And it starts with knowing the law and knowing what records to keep. The biggest areas I see audited are: Mileage - if you are taking any kind of vehicle deduction, you HAVE TO HAVE MILEAGE. No ifs, ands, or buts. It is what it is and you need to be able to prove where you went, why you went, and when you went there. Meals - Your daily coffee run to fuel your day does not count as a tax deduction. You have to have a business reason for doing so and “So I can function” is not a business reason, although granted…a sufficient reason to stop for coffee. Home Office - You must meet the requirements to claim the home office and that means that you must use it regularly and EXCLUSIVELY. That means no putting the cat litter box in your office (ya, I had heard about the IRS denying the deduction because of that). Personal Bank Account - If your business is being audited and you don’t have a dedicated business account, the IRS looks at all the deposits in that account and considers it income unless proven otherwise. That means those cash gifts from Nana or the TV you sold on craigslist and deposited the funds from Venmo are up for inspection. Do yourself a favor and keep these separate.