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Discussion in 'Starting a Lawn Care Business' started by Freddy_Kruger, Mar 20, 2006.
Straight into the pocket?
Straight into jail if you get caught.
Straight into the books just like you would if it were a check.
Go for it. Cash is king. The shoebox loves cash. Just keep the shoebox in a place where kids and wife cant find it.
I treat cash the same as I would a check.I claim it and pay taxes on it.And if I did not..I sure as heck woulden't admit it.
Cash...what cash? Nope no sir I never received anything in the form of cash. Oh the job I do not have a receivable for? It was a referal job.
There are many opportunities to accept cash payments. Many customers prefer to pay in cash. Legally, you should write it up, and deposit the cash. Many disreputable business owners simply put it in their pocket, and never claim it as income, recognizing that is almost impossible for that transaction to be tracked. Other bad business people cash checks at the bank on which the check was drawn, again to avoid claiming the income.
This activity is illegal.
you claim income.... thats it.... trying to ge ahead in life by breaking the rules usually backfires......
Please don't get me started on dishonest people! You must claim all your income cash or not.!!!
Since when is cashing a check at the bank it is drawn on illegal