“You’re being audited” is probably on just about everyone’s Top 10 List of Most Dreaded Things to Hear! But, there are 7 ways to lower your risk of being flagged by the IRS for an audit. And believe it or not, they are pretty basic things to do. 1. Do NOT round numbers on your tax return. It’s better to …
Sales are the oxygen companies need to survive.  How are your sales? What quantity of product or service needs to be sold monthly to remain viable? Have you budgeted for different sales results? Do you know your breakeven sales amount? At Person CPA Group, we believe business vitality can be measured by examining 5 areas of business. We call the …
The Person CPA Group 5 Point Profitability Checkup The following items are reviewed on a regular basis to pin point ways to help you make more money.  Taxable Income Analysis The first part of the profitability checkup is a review of year to date taxable income. Taxable income is then compared to projections and a determination is made regarding …
