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36
TAXES

Beware Of The Tax Man
 

Chart depicting a telephone poll asking whether companies have been audited in the last ten years.
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DECEMBER 1990

Has your company been audited in the last 10 years?

Yes 14% No 86%

Growth rate was apparently not a red flag for the IRS. Audited companies had 20% annual growth on average, compared with 16% for unaudited companies.

Source: Telephone poll of 2,092 owners of businesses with 10 or fewer employees, United Group Information Services, Hurst, Tex., 1990.

Last updated: Dec 1, 1990




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