cash !!!!

[lawmart]

hey guys

what percent of your yearly income is done in cash work, business or side work.
This is strictly a hypothetical question for the guys who run a legit.
business. for me i would say approx.15 to 18 % of my bussness is done in cash.

play safe
lawmart

 

[TreeJunkie]

I dont' think you'll find many legit business operators willing to admit performing cash work. Especially out in public....

 

[jp hallman]

Do you have a need to know?

 

[Tree Wizard]

If you are running a legit business - you are not doing "cash" work.

 

[kf_tree]

noooo i never got paid in cash.

http://www.arboristsite.com/attachment_2747.php

 

[BoesTreeService]

What is this cash you speak of???

I know I saw some once...I was standing in line at the Kroger getting ready to pay for hundreds of dollars of groceries with my debit card. (It seems like less money going out if you dont actually have to stand and count it out to them - far easier to part with) But the elderly couple in front of me use these small green pieces of paper to buy their apple sauce and metemucil. I almost got out my camera phone to take a picture of it......

 

[Diesel JD]

Why is it not legit to do business in cash...seems if you still report it as income...money is money. Now if you don't then Uncle Sam may have a problem with it.

 

[pbtree]

Cash?????

 

[Koa Man]

I know one trailer maker here who only accepted cash. Even if he built a big boat trailer that cost $7500, he would only take cash for payment. 50% down, 50% when completed.

 

[KentuckySawyer]

Now if you don't then Uncle Sam may have a problem with it.

Uncle Sam can bite me. When I get cash, I put it in my pocket. No banks and no paperwork.

 

[Tree Machine]

Why is it not legit to do business in cash...seems if you still report it as income...money is money. Now if you don't then Uncle Sam may have a problem with it.

Uh, I guess this would be the reason why....

Uncle Sam can bite me. When I get cash, I put it in my pocket. No banks and no paperwork.

See, if Uncle Sam doesn't get his tax cut from our diligent labor, he can get bent out of shape. Him being bent can lead to you being broke.

 

[KentuckySawyer]

When I say that Uncle Sam can bite me, I do mean it in the most respectful tone possible. But when I think about all those fat, slimy Republicans and Democrats in Washington and the extent to which the whole lot of them are whores to Big Business, then I don't feel too bad about keeping the cash from a job well done.

Besides... this IS Kentucky. What did you expect? Yee Haw.

 

[John Paul Sanborn]

Why is it not legit to do business in cash...seems if you still report it as income...money is money. Now if you don't then Uncle Sam may have a problem with it.

For many homeowners it looks somewhat "fly-by-night" to offer cahs discounts. And then if the person happens to work for the state or fed's, it can get sticky. It's happend before where an IRS official used it as leverage against small buisness.

Me, I report it anyways. The advantage I offer the client is to forgo sales and "stadium" taxes at $5.60 per hundred. I have one friend who will take that out too because "Give unto Ceasar...". Even if he is subcontracting on the job.

 

[Gypo Logger]

Once I got paid in cash with a hundred pounds of fiftys.
John

 

[Sizzle-Chest]

i make millions in cash

 

[Jumper]

My insurance company refused to take cash for my truck policy last January!!(I do not even have any cheques, never use them). Electronic transfers seem to be the way to go.....I went to my boss' bank to cash a paycheque, armed with all kinds of ID, and first off they did not want to cash it, despite funds in the account, and then when the teller finally got straightened out, charged me $5 to do so because I was not an account holder at that particular bank.

 

[blue]

mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm caaaaaaaaaaaaaaassssssssshhh

 

[Thor's Hammer]

Cash Is King.

 

[Buzzlightyear]

That reminds me must have a clear out under the bed ;o)

 

[Stumper]

Mitch, I had a bank try to pull that with me a while back. When they said they couldn't cash it because I didn't have an account with them I said "But it is written on your bank." When the Teller said "It is not our policy..." I immediately demanded to see a bank officer. I interupted his song and dance and asked " Do you want me to go back to these people and tell them that you are refusing to honor their check?" He turned to the teller and said "cash it". She asked "What about the fee?" He looked extremely pained and embarrasssed and said "just cash it this time". I don't know about Canada but what they are doing is awfully shady here. Refusing to cash third party checks or charging a fee for doing so is within their rights-that would fall under the realm of a service. When the check is drawn on the bank in question it all changes. The bank has a fiduciary responsibility to the checkwriter. They hold the funds in trust. When the owner of the funds issues a written instrument (check) ordering theat the funds be disbursed to an individual or entity the Bank's failure to do so would be illegal.The only questions are the 'presence' of the funds, the validity of the instrument and the identity of the person attempting to redeem the instrument. -Stinking banksters. :angry2: