How to Win BIG at Business
Send us Fan Mail [https://www.buzzsprout.com/2541682/fan_mail/new] The IRS may be quiet right now, but Joe DiChiara warns business owners not to get too comfortable. In this episode of How to Win Big at Business, Joe explains why the next wave of IRS audits may look very different from the old days. Instead of face-to-face meetings with an agent, business owners may be asked to electronically or digitally provide bank statements, invoices, receipts, and records — and if they cannot prove their deductions, the IRS may simply disallow them. Joe shares real audit stories from business owners who were hit with massive proposed tax assessments, including one trucking company that faced hundreds of thousands of dollars in potential IRS and state tax exposure. The key lesson? Even legitimate business expenses can be denied if the records are sloppy, missing, or poorly organized. This episode is a wake-up call for self-employed professionals, consultants, contractors, freelancers, and small business owners who have gotten too relaxed with bookkeeping and document storage. Joe explains why your receipts, invoices, bank statements, business journals, travel documentation, payroll records, and expense support are not optional — they are your defense if the IRS comes knocking. You’ll learn why now is the time to build a clean electronic filing system, create a smart naming convention, organize records by year, and stop treating recordkeeping like an afterthought. Because when the audit letter comes, it may already be too late to fix the mess. If you’re a self-employed professional trying to build a real business, this podcast was created for you. New episodes break down the systems, strategies, and structures needed to move from solopreneur to sustainable business owner. Subscribe to our YouTube Channel https://www.youtube.com/@Bedrock360BusinessSolutions/featured [https://www.youtube.com/@Bedrock360BusinessSolutions/featured] Thanks for listening! If you want fewer headaches, fewer IRS surprises, and more smart systems running your business (so YOU don’t have to), let’s talk. Book a strategy call: www.timewithjoe.com [http://www.timewithjoe.com] Because running a business shouldn’t feel like wrestling an octopus… alone. Also check out: www.Bedrock360BusinessSolutions.com [http://www.Bedrock360BusinessSolutions.com] (Complete Coverage) www.Bedrock360TaxSolutions.com [http://www.Bedrock360TaxSolutions.com] (Tax Guard 365) www.Bedrock360BusinessTraining.com [http://www.Bedrock360BusinessTraining.com] (Courses) Thanks for listening! If you want fewer headaches, fewer IRS surprises, and more smart systems running your business (so YOU don’t have to), let’s talk. Book a strategy call: www.timewithjoe.com [http://www.timewithjoe.com] Because running a business shouldn’t feel like wrestling an octopus… alone. Also check out: www.Bedrock360BusinessSolutions.com (Complete Coverage) www.Bedrock360TaxSolutions.com (Tax Gaurd 365) www.Bedrock360BusinessTraining.com (Courses)
28 episodios
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