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DWAC stonk of the day again??
Come thru with that .0000009% conversion rate

Additional Posts in Transaction Services, M&A, Deal Advisory
how much harder is banking then valuation?
Differences between GT and BDO for FDD?
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Me when I see a target GL account name “Wife compensation”
there’s a difference between putting personal expenses through the company and claiming they are business expenses
totally normal for an owner to put personal expenses to a company. at year end they will usually work with a tax person to figure out a plan to contribute in or dividend out a certain amount
claiming personal expenses as business, not really normal and will probably get fixed as part of their filings
We’re in FDD bro. We don’t care if they’re committing tax fraud unless it’s going to hurt the buyer
nq a debt like item "client should consider tax diligence" solves that real easy
Do you know these are personal, or are you just assuming all meals and travel are personal? There are plenty of legitimate buissness travel and meals out there
Coach
It’s only fraud if they get caught. Everyone drop their favorite personal expenses - mine was a guy that had his 74’ Viking on the balance sheet and his competitive bill fishing team on payroll.