Straccione Quoted in Philadelphia Inquirer

Adrienne Straccione, CPA, Partner, at Wouch Maloney CPAs and Business Advisors, was quoted in The Philadelphia Inquirer published on August 17, 2022. The article titled “The Inflation Reduction Act just became law, and gives more money for IRS tax enforcement. Here’s how small businesses can prepare,” provides insight to business owners on steps to take to avoid triggering an audit after the President signed the Inflation Reduction Act on August 16, 2022. Included in the Act is $80 billion in additional funding that will go to the IRS to hire more agents to step up enforcement. While government officials insist big business will be targeted for enforcement, others believe small to mid-size business owners should also take steps to prepare for possible audits.

In the article, Adrienne provides details of some red flags business owners should avoid, and in turn, will reduce the chance of being audited.

To read the entire article, click here. A subscription to The Philadelphia Inquirer may be required to read the article.

To read a pdf of the article, click here.


As always, should you have questions about this topic, or any other topics related to your personal or business situation, please contact us at any time.

DISCLAIMER: The WM Daily Update, WM Wednesday Wisdom, Newsletters, COVID-19 Business Resources, COVID-19 Client News Alerts and other related communications are intended to provide general information on legislative COVID-19 relief measures as of the date of this communication and may reference information from reputable sources. Although our firm has made every reasonable effort to ensure that the information provided is accurate, we make no warranties, expressed or implied, on the information provided. As legislative efforts are still ongoing, we expect that there may be additional guidance and clarification from regulators that may modify some of the provisions in this communication. Some of those modifications may be significant. As such, be aware that this is not a comprehensive analysis of the subject matter covered and is not intended to provide specific recommendations to you or your business with respect to the matters addressed.