Green&Clean
Member
- Joined
- Feb 15, 2012
- Messages
- 34
This is my first year in business. I'm about to get started. Friends of mine who own other businesses suggest I should not disclose all of my income when it comes to tax time. They suggest since it's a cash business I can easily not report some of the cash. Of course this would mean that I would have to throw out some invoices. What are some of the advantages and disadvantages of doing this?