Hosted by Community CPA:
Being a small business, you can be venerable. Not just to economic swing like COVID-19, you are venerable also to government compliance review. You could be misinterpreted by the government official who is reviewing you and you could be mistreated just because your books and records were not neatly printed out by the computer, you present your document unprofessionally. Small mistakes lead to large penalties and even jail sentences. Listen to Ying for this hour and be ready for your next compliance review.