🚨 AFH Owners: Are You Audit-Ready? Here’s How to Prepare! 🏡📑

An IRS audit can be stressful, but if you run an Adult Family Home (AFH), staying prepared is the best defense! ✅

Here are 3 key steps to protect yourself and your business:

1️⃣ Keep Detailed Financial Records 📂

• Maintain organized books, receipts, invoices, and payroll records for at least 4 years.

• Ensure business and personal expenses are separate—mixing them can raise red flags!

2️⃣ Verify Employee & Payroll Compliance 💰

• Misclassified caregivers (W-2 vs. 1099) or incorrect payroll tax filings can trigger an audit.

• Ensure all payroll taxes are filed & paid on time to avoid penalties!

3️⃣ Claim Deductions Accurately 🏡

• Only deduct legitimate business expenses like caregiver wages, home repairs, insurance, and supplies.

• Keep proof of expenses—if the IRS asks, you need to show documentation!

🚨 Pro Tip: If you receive an audit notice, don’t panic—respond quickly and work with a tax professional to ensure compliance.

📌 Are your AFH records audit-proof? Let’s chat and make sure you’re covered! 📩

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