- Trying to avoid payroll requirements by calling your employees, “independent contractors.”
- Not choosing the correct type of business entity for yourself.
- Not keeping accurate and up to date records.
- Not hiring a professional to help you with your accounting needs.
- Not providing your accountant with timely information.
- Not checking the references of your accountant
- Not meeting with your accountant during the year for tax planning.
- Not selecting an accountant familiar with your business/profession.
- Not being truthful with your accountant.