I've found that my business partner manipulate my company accounts during the last year end closing accounts on Dec 2005, He is the person that holding the accounts book & record before finalise the accounts with our engage company accountant.
205328
legal system....hire a good business lawyer, that specailizes in accounting.
371383
They want to see 2003 and 2005 to see continuity of operations.\n\nFirst tell the auditor that you do not have all your receipts and why you do not have them.\n\nTry to legally recreate them.  For example you purchased a typewriter for your business.  Get the instruction manual and warranty card for it, find a office supply cataloge that shows what the purchse price would have been then.   Get what ever support you can to justify your deductions.  Look at your credit card statements (get copies if you have to or download them).  If you went to a seminar in Miami call them and have them fax you a statement saying you were there and what the dates were, same with the hotel where you stayed.  Get the software books and boxes to prove you purchased them.\n\nOnce the auditor starts looking at your return he will narrow in on only a couple of areas.  You did not say what type of Schedule C you did but the usual places they go are Entertainment Expense and Travel Expense.  \n\nThe one thing he will do is ask you for all your bank statements.  I mean ALL of them(personal and business accounts).  Have them for him.  If you do not have them now call the bank to get copies, or download them off the net.  \n\nWhat he will do with the bank statements is add up all of the deposits that went into every account, subtract from this transfers that came from other accounts.  This is the income that you should have reported as Gross Receipts on your schedule C.  If not you better be able to account for every difference.  If it is higher he will increase your income by that amount.  \n\nIf there were deposits to your account for reasons other than business income then you need to show proof where it came from.  For example your brother gave you $5,000 as a birthday gift.  \n\nGive him every thing in a nice orderly package, tie each amount on the return to the package.  DO NOT GIVE HIM A SHOEBOX.  If the auditor feels you are not hiding anything then he not ask for more information if you are upfront with a lot of information.\nBut do not give him more than he really needs to know.\n\nIf he asks you "Do you know what time it is?" the correct answer is "Yes" the wrong answer is "It is 9:45am"\n\nIf you do not know the answer tell him "I will check and get that information for you"  Do not lie, make up information.  you will trip over your own toes.  Do not have any one else there with you, they will give out useless information that can bite you.\n\nBefore your first meeting you will get an IDR#1 this is called a Information Document Request #1 and will list every item on it that he will need.  It will narrow down where he will be looking at.\n\nAt the end of the first meeting he will ask you for more information.  Ask him for another IDR.  Do not give him more information unless it is listed on the IDR!  \n\nAlso keep a list of what information you do give him.\n\nIf you feel you are getting into trouble CALL A CPA from a local cpa firm spend the money because he may save you from thousands if you are really going to get into trouble.  Or talk to your friends, one of them may know someone who works at a firm that could advise you for a small fee.\n\nBe aware that Schedule C returns are the most audited 1040 returns out there.
301412
If and ONLY if you have clear to understand HARD COPY proof these alleged crimes and business practices done by full knowledge/consent of staff employed/managed by these two pharmacies actually happened: I say consult with a reputable corporate/business attorney.\n\nAlso ask yourself: "What are the downturns of being a 'whistle-blower'?" You might come up with a few personal answers---and you'd be fully right.  It's a good idea perhaps to weigh that against the benefits of filing such legal claims: then go with the best decision made by your thoughts and heartfelt feelings.\n\nI hope you find personal clarity in whatever decision you come to and good luck.
597703
My husband and I are opening our own business also and have heard some horror stories about friends of ours who tried to do their accounting themselves and ended up owing the IRS thousands.  I think it's worth it (especially for peace of mind) to go ahead and hire an accountant to do your taxes and who will guide you with the rest of your accounting also.  You can shop around and get quotes from different accountants and also ask other business owners in your area who they trust. :)
315003
better to do a partnership agreement. then you can specify your and his responsibilities and percentage of of ownership and liability
8327
Unfortunately, all the accounting catches in the world don't prevent someone from having a duplicate set of data, which is the most common way to "cook the books".  If you could interface between their books and the actual stock price, and you had some serious computing power, you might be able to tell that something fishy was going on, but you'd have to have access to the data.
461105
I did that with my fiance.  I would only do it with someone you truly trust. I put his cc balance on mine because I had 0% int on trainsfers for  a year!
625947
Peachtree only holds open G/L information for two years.\nDetail information, like Invoices and Payables accumulate until you purge them from the system. However, the system cannot use that detail to create a financial report. \nEach time you close a year the software makes you create a backup file called <filename>.ptb - this file can be used and restored to a different location (make sure you do not overwrite your current copy) to print out needed reports.\nWhen in doubt go to the search function in windows and search for *.ptb and it will show all the peachtree backup files on your computer and the date thet were made.\nI have a "live copy" of peachtree open for each set of two years so that I can always get at the data for all of my clients, I'm a CPA.\nGood luck.
501627
If I understand this question, you, the company, is paying the creditor the money.  In this case, it would be a decrease to Cash (the asset) listed as a credit, and a decrease to a liability, such as accounts payable, listed as a debit.  In other words, these would the the journal entries:\n                           Debit                Credit\nCash                  1800\n      Accounts Payable                 1800
614391
I am a public accountant who deals with small businesses.  I like to think of accounting as detective work with numbers.  When a client supplies me with information, I go through the numbers and see which ones are innocent (ie clean), and which ones are guilty.  I keep my clients on the straight and narrow by reporting ALL their income, and finding ALL the appropriate deductions.   I interview the clients to get more information, I do research on the internet to learn more about the client's vendors, and I consult with colleagues to discuss best procedures.  It can be a rewarding job.
617203
I went into biz with my best friend of 17 yrs....what did it get me?  The loss of every last item I owned to my name including the business and all of my clients.\n\nBiz partners should be on a super super short leash, weekly meetings with notes should be taken, an attorney should be involved and you should be an S corp, Inc, or least an LLC.  I did all that but I was too trusting with him on numbers due to friendship.\n\nAfter saying all that.....I don't promote partnerships as you see for yourself they don't work after time.  Personal issues, relationships, spouses of other partners, etc always get in the way and the business stops growing and suffers.\n\nI will never have a business partner again besides a bank that loans me money.  The few hours of extra work I do per week is well worth the non stress ownership I now hold.\n\nBuy out the partner, legalize the company with an Inc or LLC and bump the GF right off the page, flat up get in her face and remind her she wasn't here during the creation of the business and has no foot to stand on when it comes to decisions.  Many things can be done but remember one thing....you arent' running the business while you are tending to her.
582552
You would need to subpoena their tax return records.  If you do it that way, they have to turn them over to you.
529247
I believe he can claim you. My boyfriend was told he could claim me by an accountant. I would check with an accountant just to be sure. \n\nP.S. We are in California, it might be different in your state.
44679
Please go through this notes to have your doubt cleared....\n\nhttp://www.futureaccountant.com/partnership-accounts/study-notes/\n\nhttp://www.futureaccountant.com/\nhttp://www.schoolingkids.com/
284755
I am a business consultant in Vancouver, but there are some great sources on entrepreneurship in TO.  Since you want to cover your *** - do not start a partnership but rather start a corporation. Partnerships can expose you to 'joint and several liability' This means both partners can be held liable for all the liabilities.  Since you are going into this with someone else (more than one shareholder) you should see a lawyer.  He or she will advise you on the best structure, shareholders agreement and importantly a buy sell agreement.
238539
It depends what you used when creating the account or whatever.  If you started off with your opposite hand and that's what they have on file, then it's valid.  How are they going to know it's the "wrong" hand.  If you're consistent, then it's fine.\n\nIf you switch around, that's when you start getting into trouble.  They just compare your current to what they have on file.
104296
check with either bank if you can perform a balance transfer from one account to the other. once that is done, you can close the account you 'no longer need' if you wish.