From the good news/bad news department comes this story about the record low number of audits being conducted by the IRS. It’s good news because no one likes being audited. I went through the experience a few years ago and it was expensive, time consuming and stressful (came out clean by the way). The bad news is that it is costing our government precious revenue. The article points out that for every $1 invested in audits there’s a return of $4. Would you greatly reduce an activity in your business that was creating a 400% ROI? I’m shaking my head over this one.