One of the best ways to make your small business more profitable is to minimize your costs. That means being mindful of every expense and taking advantage of every tax deduction. Audit Your Spending An audit is a process of reviewing your spending to identify areas where you can reduce costs and increase profits. This can be done on a monthly or quarterly basis, depending on the size of your business and how much time you have available to devote to this task. You may want to start by looking at all of your expenses over the past year and comparing them with those in previous years. The purpose here…