what happens if you have zero receipt for your expenses?

[daniels27]

why do you keep mentioning money laundering and child labor? you are reading too much into this. all I'm saying is this person has no receipts for his expenses. it's really that simple.

Yes. And what is the consequence of having no receipt? The government asks and it all of you business is without receipt, he stinks. Hot can this be? Well it must have been illegal activities, which is money laundering and illegal employment.

Instead of accusing me. Can you maybe explain why he had no receipt? What is he paying for and to whom? It is essential information to give you any advice.

 

[diro]

why do you keep mentioning money laundering and child labor? you are reading too much into this. all I'm saying is this person has no receipts for his expenses. it's really that simple.

sometime some people here talk before they post. They must be on koke!

Without receipts you can't get tax benefits to deduct expenses from your company.

 

[daniels27]

sometime some people here talk before they post. They must be on koke!

That's what happens when you legalise it.
https://www.swissinfo.ch/eng/busine...s-to-test-controlled-sale-of-cocaine/48560562

 

[daniels27]

Without receipts you can't get tax benefits to deduct expenses from your company.

@diro he operates on 10% margin and he no receipts for the 90% expenses on turnover. But he still claims all the deductions.

He is wondering what happens during an audit.