2 ms·
This post reminds me of about 70% of accountants. "Unless the tax code explicitly says you can do, it I'm not going to let you!" Then there's accountant that
by late2part 9y ago
This post reminds me of about 70% of accountants. "Unless the tax code explicitly says you can do, it I'm not going to let you!" Then there's accountant that say "It's sort of a grey area, I suppose that makes sense, are you willing to defend it at audit?"
The whole system is designed to discourage risk; and so many people say "I won't write off what I'm entitled to because I fear an audit."
Then I hear stores about accountants that say "Well you're not flagged unless you're over X% of revenue on expenses in this category, so go ahead and increase it."
Like so many well defined laws, there's a lot of room for intepretation.
IANACPA