Subscription Creep Explained, Stop Paying for Services You Forgot to Cancel

Episode notes

Three charges from the same vendor, posted on the same day, each for slightly different amounts. You glance at your credit card statement and think, that is probably correct. But is it? One bookkeeping client discovered over $14,000 in duplicate charges and vendor billing errors over 18 months. Even worse, some of those expenses were already claimed as tax deductions. When deductions are claimed for expenses that did not actually happen, that creates real IRS audit risk. In this Tax Season Saturday episode, Patricia Oholeguy explains how duplicate charges, billing errors, and subscription creep quietly destroy profit and create major tax problems for small business owners. When you are busy running a business, it is easy to see familiar vendor names and assume the charges are valid. That assumption can cost thousands and can create bookkeeping records you cannot defend during an audit. This episode breaks down the most common expensive mistakes found in credit card transactions and bank statements.