Forget The IRS: Why A Department Of Labor Audit Is The New Boogeyman For Small Businesses

For business owners, few things are more terrifying than a potential IRS tax audit. The very notion of being audited by the IRS is hair-raising, conjuring up the risk of fines or penalties, as well as the expenditure of considerable time, effort and resources to go through such a process.  So naturally, most business owners find it worth their while to keep detailed financial books under precise accounting procedures that can help prevent or an IRS audit.

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