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January 7, 2013

How Small-Biz CFOs Should Deal With the Taxman
By Andrew Roberson, Brad McCormack

The tax audit environment facing midsize businesses has shifted dramatically and unpredictably in recent years. Facing a revenue shortfall widely believed to be the result of non-compliance by smaller businesses, the Internal Revenue Service has reallocated enforcement resources away from its traditional focus on large companies toward midsize businesses, according to a 2010 report by the Transactional Records Access Clearinghouse, a nonpartisan research group affiliated with Syracuse University. This has resulted in more frequent and increasingly protracted audits for smaller companies.

Transactional Records Access Clearinghouse, Syracuse University
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