Many taxpayers are really scared by the idea of an IRS audit. But it is important to understand what usually triggers this kind of check. The thing is the IRS chooses to audit a certain business only in case there are some discrepancies which may suggest that the tax return is either partial, or inaccurate.
With the help of an experienced tax advisor Highlands Ranch accountant, you can certainly avoid an IRS audit. Thus, a CPA can prepare your yearly returns and all the paperwork necessary for keeping your financial situation in a good state. With the right CPA you can lower your chances for an audit.
At the same time, if you hire a professional tax advisor to prepare your return, you are more likely to create a professional impression, and thus convince the IRS that there is no need for further checking of your financial activity. An impeccable, properly-organized presentation most certainly is worth the effort of hiring a consultant for helping you out in the financial realm of your business.
Accounting professionals may also advise you to report all income, because IRS agents usually have some balances and checks that can help them discover any form of unreported income which you may have.