Are you the type of small business owner who crosses their fingers and hopes whenever it comes to tax records? If you are, you're not alone, although it goes without saying that it is not the best course of action to take. You may have been doing this for some time and have become a little complacent, but then you receive a letter in the post notifying you that your business has been selected for a tax audit.
Doesn't it seem as if tax time is always around the corner? This could be because there are, of course, various deadlines for paying instalments and a number of different types of tax. It pays, therefore, to have a plan to make sure that you are compliant through the year and especially if you are to take advantage of the various deductions and benefits available to you. What are some key strategies to bear in mind?