The Government's Secret War Against Small Business

War on Small Business
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The Government's Secret War Against Small BusinessShow more

State tax auditors are being told to shake down local businesses to generate revenue. And while big businesses have internal tax specialists who can fight unjustified assessments, small businesses often have no choice but to pay since the cost to them of fighting back is so high.

lection season or not, you can always depend on politicians to talk about how important small businesses are to the economy. Ironically, it's these same politicians who often pass legislation that makes it harder and more costly to do business. In New York, for example, businesses are scrambling to comply with the Wage Theft Prevention Act (for more on this insane burden on businesses see this recent article). But what I am about to tell you is despicable because it is hurting small businesses without passing a single law. And it isn't getting media attention either.

Over the past four months, several CPAs have told me (without mentioning names) about their clients going through tax audits. Now tax audits are nothing new and they should have the legitimate purpose of finding omissions, mistakes or fraud by taxpayers; however, these CPAs have told me auditors are not just looking for fraud and mistakes. They are looking for revenue. That revenue will come in the form of fees paid by honest taxpayers who have already paid all taxes that are due.

https://www.huffpost.com/entry/government-war-small-business_b_1259761
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