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 Rev 775 No No Download Needed Needed 2018

Rev 775 No No Download Needed Needed 2018-2025 Form

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bookkeepers are not as aggressively deducting some items and if there's no information related to it they're immediately just putting it to our shareholder Loan account which ultimately doesn't allow the company to deduct them but it also causes personal tax implications for the individual business owner if we're three or six months away from when that transaction happened I don't have a receipt I likely am not doing a very good job of remembering what that expense was even for so we need to stay on top of it right away and we need to avoid putting as many items to shareholder loan as possible because it has negative deductibility outcomes for the business those expenses could help bring your tax rate down their personal or business in nature but we're being allocated those to personal use for draws or shareholder loan that causes us personal tax pain as well so the combination effect of those could be that upwards of 58 of extra cost if

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