I haven't yet filed, however, I put in everything for my small business after a few years and has invested over $3k in 2023 to only make $200 in cash profits due to my main employment taking too much of my time, I am worried there may be an error if I submit my taxes due to the noticeable loss in income compared to that of what I dished out to upgrade and replenish my supplies thinking 2023 would have been the best year.
Should I be concerned? It's flagged as low risk. I also cant locate all of my receipts so that has me worried too. I haven't spent this much to profit so little since my start-up in 2019.
