do an all cash business. it s dangerous and it s dumb. and this bill will fix that. if the state says it s legal, it s legal within the state. question for you both, senators. do you agree with the decisions in your own state that recreational marijuana should be legal? it s a great question. i oppose the legalization but the people of colorado spoke and i think if they spoke again they would agree with a large herb margin to legalize marijuana. this isn t going back. i spoke to president trump and he agrees this isn t going back so this is about providing states the opportunity to protect those states rights, federalism was something our founders intended. this is a great chance for us to do this. this is an intrastate solution. it fixes the conflict senator warren described with federal and state law and it allows states individually to determine for themselves what is is best. if you re a state like nebraska,
mile limit an all cash business. use your imagination adam, because i got plans. jack abramoff joins me ahead. i use what s already inside me to reach my goals. so i liked when my doctor told me that i may reach my blood sugar and a1c goals by activating what s within me with once-weekly trulicity. trulicity is not insulin. it helps activate my body to do what it s supposed to do
consuming. and expensive. so let s go through some of the things that will cause a red flag. so one of the pieces that we try to tell people, a lot of business owners use cash. so they either are selling things for cash or expensing cash out. and they don t track those receipts. so either not keeping invoices or receipts, they have multiple bank accounts, and so the irs looks at that and says okay, this person is a cash business, they have five accounts, moving money between accounts constantly. and so that s a concern. even if you are doing it correctly, it s going to get them to say hey, i might want to look into this. absolutely. two, co-mingling. so we go in and work with small businesses often and a lot of times with credit cards, something where we find often you know, they pull a card out and they pay for a business expense on their personal credit card. now that says to the accountant we need to track that card. they are using it frequently. claiming 100%. 100
owner s nightmare. because it takes, it s so time consuming. and expensive. it s expensive. let s go through some of the things that will cause a red flag. one of the pieces that we try tell people a lot of business owners use cash so they either are selling things for cash or expensing cash out and they don t track those receipts. so either not keeping invoices or receipts depending on what they re doing, they have multiple bank accounts so the irs looks at that and says okay this person is a cash business, they have five different accounts, moving money between accounts constantly so that can be of concern. even if you re doing it correctly, it s going to get them to say i might want to look into this more. absolutely. number two, commingling. we work with small business often and a lot of times with credit cards something where we find often they just pull a card out and pay for a business expense on their personal credit card. that says to the accountant we need to tr
i mean, by the time patricia was 18 years old, she had three children. and virtually no money. i worked all the time, because he would hardly work. he worked at 7-eleven for about a couple of months, then walmart for four months, and he drove a taxi every now and then. he had the perfect part-time job. taxi driving is cash business. you work when you feel like it, when you want to. you have plenty of free time, and that allowed him to make cash, and, if he needed to or wanted to, to follow her around. i think one reason that yaser was so isolating and protective is that he did not want the