Re: STARTING MY OWN BUSINESS, ANY SUGGESTIONS

Posted by Keep it Honest on April 04, 2007 at 15:01:24 from (199.133.90.83):

In Reply to: Re: STARTING MY OWN BUSINESS, ANY SUGGESTIONS posted by Mike M on April 04, 2007 at 10:28:54:

Big Brother, the Banker and the Lord can add. The tax man can take your stuff. The banker won't believe you because you said you made XXXX dollars on the day you need a loan for equipment or capital to finish a job. The Lord may say "I know you not" on the BIG DAY. Keeping it honest means all the way around. I grew up watching many old farmers work hard so it appeared they made no income then they complained for the last 20 years of their life because someone else got a bigger retirement or social security check. If you report your earnings and take your deductions you don't have to worry, if you take your deductions and don't report the income you are kidding yourself and will never grow to the size that will give you long term stability. You must be thinking small, because if you are a subcontractor you will always be paid by check so the contractor can write it off. To most people today Cash is a dead guy who sang good ballads. Someone else can have the soap box now.

Replies:

• Re: STARTING MY OWN BUSINESS, ANY SUGGESTIONS Mike M 05:38:05 04/05/07 (0)

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