Tax Planning for Small Business Owners

Nobody can force you to plan about taxes before the time comes for you to pay them. However, the cost of not planning ahead might even cost money in the long run and might even land you in prison for tax evasion. For small business owners, an accounting system that places taxation as a major concern can prevent them not just from paying the right amount of taxes but may even reduce them into a smaller amount.

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How to Prevent Business Fraud

Close up of magnifying glass on fraudThink fraud cannot occur in your organization? Think again. No organization is immune to fraud. All organizations are susceptible to fraud whether they realize it or not. Did you know that small businesses are the organizations most susceptible to fraud? Much of this exposure comes from the “it couldn’t happen here” mindset and a lack of awareness of fraud risks and detection measures. Proactive fraud prevention and detection measures are vital in managing fraud risks. Anti-fraud controls are associated with reduced fraud losses and shorter fraud duration.

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