Not only do growing companies have to worry about a tax increase, but now the IRS has decided to target small businesses for an increase in audits. And many entrepreneurs don’t have a clue.“The survey…revealed that more than 60% of the CEOs weren’t aware that the IRS is beefing up staff in order to target companies with assets valued between $10 million and $250 million. In March, IRS Commissioner Mark Everson requested a 5% budget increase and 5,000 additional agents for 2005.”
And remember, they let some of these accountants carry guns!
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