How to Avoid High Risk NAICS Codes: The Complete List
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How to find best NAICS code for your business name‼️🤝🏽 ◼️Richsecrets ◼️Business Tips ◼️More funding ◼️More info with link in bio‼️ #explore #blowthisup #kieegipson #businesstips #businessstrategy #trending #foryou #kieegipson #richsecrets | Kiee Gipson
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How to find best NAICS code for your business name‼️🤝🏽 ◼️Richs…
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Do NOT pick the wrong NAICS code! This small detail is a huge source of audit risk. The government uses this code to run algorithms and compare your income and expenses against other businesses in the same industry. If you use the code for a Laundromat but you actually run a high-margin tech company, your finances won't align with the industry standard, and the disparity score will trigger an audit. I had a client who was audited solely because of this, and while she owed nothing, it still cost
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