Small business owners underreport a significant portion of their income, potentially as much as 30-50%! That's according to the @National Bureau of Economic Research. However attractive as hiding cash may seem, Peter with Richon Planning lays out 4 reasons to Erin. Kennedy, as to why you should report all income to the IRS, including:

1.Legal Risk

2. Long-Term Financial Health and Growth of Your Business

3. Retirement and Insurance Planning

4. Increase Sale Value

Peter specializes in helping small business owners navigate complex financial and tax obligations. If you'd like a complimentary consultation to learn more about increasing your business's value, please call (919) 300-5886 or visit www.RichonPlanning.com