---------------------- multipart/alternative attachment =20 =20 Richard, =20 I've been using my personal checking account for business for the last 4 =20 years and have had no problems. I keep track of all expenses and income as=20= I=20 go. My business name is Dave Stahl Piano Service(my name is in the busines= s=20 name), which, in CA at least, allows you to deposit business checks into yo= ur=20 personal account. =20 =20 I'm to the point where I should probably worry about audits, and who sees m= y=20 accounts. It's all pretty straightforward and simple as it is, though. I=20 feel like a money funnel. Money passes through me and into other hands--IR= S's=20 and landlord's, mostly(BTW, can anybody explain to me what "Service" they=20 perform?...isn't it false advertising to call themselves a "Service" if ind= eed=20 they offer nothing for the money taken from those who actually earn it?). =20= If=20 I'm lucky, I can bank a bit and have some left over for a vacation. =20 All money for estimated taxes goes temporarily into savings until the time =20 comes to write the dreaded quarterly check. =20 =20 It's worked for me so far. When my tax accountant suggests a change, I wil= l=20 consider doing something else. =20 Dave Stahl =20 In a message dated 1/3/2006 8:58:07 A.M. Pacific Standard Time, =20 deanmay@pianorebuilders.com writes: Hi Richard=20 By being self employed you place yourself in a category of being higher ris= k=20 for an audit. I=E2=80=99ve been audited twice. If you co-mingle the funds t= hen they=20 will automatically be going through all of your personal records as well. =20= =20 The fewer records they go through, the better, IMHO. Since having 2 audits=20 (none of which turned up anything significant and the second one they did g= o=20 through all of my personal records) I now pay as much as I can by cash for=20 personal expenses. None of their business so I am not keeping any records.= =20 Every time you write a check, use a credit card, use a drug store/grocery s= tore=20 discount card, make an ATM withdrawal, you are leaving a paper trail. Don= =E2=80=99t=20 kid yourself that you have nothing to hide. One of the things they didn=E2= =80=99t like=20 in my personal records was how much I gave to charity. Now nobody knows. =20 Dave Stahl Dave Stahl Piano Service 650-224-3560 _http://dstahlpiano.net/_ (http://www.dstahlpiano.net/)=20 ---------------------- multipart/alternative attachment An HTML attachment was scrubbed... URL: https://www.moypiano.com/ptg/pianotech.php/attachments/e1/51/3d/8e/attachment.htm ---------------------- multipart/alternative attachment--
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