RitaB Posted March 17, 2009 Report Share Posted March 17, 2009 Client brought in info, and I was delighted to see that she had details about vehicles listed BY VEHICLE. I mean the works: mileage, gasoline, repairs, insurance, tags, everything. I almost cried. Then, I look at the next page, and there it is: the other expenses for the business are $16,000 "business expenses." I call her to ask what's in there. "You know, supplies, parts, equipment fuel, maintenance, cell phone, and some malicious expenses." Oh, well. Quote Link to comment Share on other sites More sharing options...
PapaJoe Posted March 17, 2009 Report Share Posted March 17, 2009 Sounds almost like the client I had a few years back. He brought in a copy of his QuickBooks where he had entered transactions for the year. The P & L had two lines: income and expense. Quote Link to comment Share on other sites More sharing options...
RitaB Posted March 17, 2009 Author Report Share Posted March 17, 2009 Sounds almost like the client I had a few years back. He brought in a copy of his QuickBooks where he had entered transactions for the year. The P & L had two lines: income and expense. Haha. Yeah, and I have a couple who don't even bother with the "income" part! They're like, "uh, oh yeah, that..." Quote Link to comment Share on other sites More sharing options...
JohnH Posted March 17, 2009 Report Share Posted March 17, 2009 I like the "malicious" expense category - will have to remember that. With some clients, it's the "mysterious" expense category. Quote Link to comment Share on other sites More sharing options...
RitaB Posted March 17, 2009 Author Report Share Posted March 17, 2009 I like the "malicious" expense category - will have to remember that. With some clients, it's the "mysterious" expense category. Yeah, I spit a little coffee on the keyboard when she said that. I actually had a guy wondering why he didn't get "that there unearned income credit." He did have a loss, but c'mon. Quote Link to comment Share on other sites More sharing options...
Terry D EA Posted March 17, 2009 Report Share Posted March 17, 2009 Gotta love em :spaz: Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.