tag:blogger.com,1999:blog-2472366353445139162.post5905544250356823175..comments2023-09-29T03:10:20.846-06:00Comments on June Walker: Tax & Financial Advisor to the Self-employed: Recordkeeping and a Refusing SpouseJune Walkerhttp://www.blogger.com/profile/06012914777750500466noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2472366353445139162.post-16317238280470313322007-03-15T17:23:00.000-06:002007-03-15T17:23:00.000-06:00PS to Liz:Reading about taxes for an hour! My hat ...PS to Liz:<BR/>Reading about taxes for an hour! My hat is off to you.June Walkerhttps://www.blogger.com/profile/06012914777750500466noreply@blogger.comtag:blogger.com,1999:blog-2472366353445139162.post-6547980618025151702007-03-15T16:59:00.000-06:002007-03-15T16:59:00.000-06:00Hi Liz,Depositing an entire income check and then,...Hi Liz,<BR/><BR/>Depositing an entire income check and then, if you need cash, writing out a check to yourself serves two purposes. <BR/><BR/>One, it makes your recordkeeping easier. Two, it leasves a clean, easy-to-follow audit trail for the IRS.<BR/><BR/>Let's say a client paid you $2000. When reviewing bank deposits or bank statements you'd see the $2000 deposit into your checking account. A $200 check to yourself lets you know that you had $200 cash to spend. Were you to split the check by depositing $1800 you have no bank record of what was actually paid to you and also no record that you had $200 cash to spend.June Walkerhttps://www.blogger.com/profile/06012914777750500466noreply@blogger.comtag:blogger.com,1999:blog-2472366353445139162.post-36197673805866605602007-03-13T23:11:00.000-06:002007-03-13T23:11:00.000-06:00Hi June,I haven't read your book yet and am wonder...Hi June,<BR/>I haven't read your book yet and am wondering why you should deposit your whole check? Just today I made a deposit and withdrew $$ at the same time. Oops.<BR/><BR/>By the way, I just found your site and have been reading for the last hour. Thanks for the great info!<BR/><BR/>LizAnonymousnoreply@blogger.com