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by drzaiusapelord
3916 days ago
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Probably. If you want to be audit proof you can keep your inventory sane. The nice part about these businesses is that they're all high margin. Your wholesaler cost for whiskey may have only been $1,000 that month and arguably you could have made $50,000 in whiskey sales considering the cost per shot at a upscale or even non-dive club. You can learn the basics of accounting and laundering over a weekend if you had to and learn just enough to avoid being flagged by the IRS. Hell, some accountants specialize in these kinds of things. I also think that you need to accept some level of risk here and that you'll be dealing with audits periodically. Auditing isn't some scary process, more than likely you'll be dinged for more taxes and not be put in jail. You'll come out ahead, especially when you consider outsourcing laundering is very expensive, something like 50-70% and depending on how it comes back to you, that money is also taxable, so another 25% lost on what's left. Running your own business means you only lose that 25% and some overhead. |
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