Bankruptcy Income IRS Overhead 
Contractor Bookkeeping
AUGUST 6, 2014
According to the FBI [link] in 1931, the IRS took down the alleged gangster Al Capone by “Reverse Engineering” his financials using some of the tools provided by The Risk Management Association. Using the information gathered the IRS was able to make a compelling case from the bottom up of his annual income.
Contractor Bookkeeping
JUNE 11, 2013
1 External Tax Accounting purpose is to report income to the government by preparing tax forms and making certain you pay your fair share of taxes and if you have bad bookkeeping perhaps a little extra. If the contractor believes the company is undercharging they may raise bid prices, lose jobs, eventually run out of cash and file bankruptcy.
Expert insights. Personalized for you.
48 
Let's personalize your content