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What is the audit lottery?

The audit lottery is a sort of slang or joke term referring to a person who is doing something illegal or just incorrectly in regards to their finances.  They stand to gain money by doing it the wrong...

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What are tax write-offs? Why are they so significant for business?

A  tax write-off is a reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer’s income bracket Small-business owners need to be tax wise...

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