Comment on the legal and ethical issues involved in skimming. 3. If you were aware of this activity on your business, how would you address it?
Brady Drummond owns a small restaurant that operates on a cash-only basis; no credit cards are accepted. Brady has taken a bookkeeping course and a tax preparation
course. With the help of his spouse, he is able to perform all the bookkeeping duties and prepare his tax returns. Brady discovers that federal and state income taxes
take away 35 percent of his profits. Because his is a cash business, Brady has started the practice of “skimming” sales. Because these sales will not appear in the
business records, they will escape taxation, and Brady will be able to retain 100 percent of these revenue dollars. 1. Identify the stakeholders in this case.
Check out another task that was answered by our nursing paper writers on Damien Brooks traumatic brain injury shadow health
(Remember a stakeholder is defined as a person, group, or organization having an interest or concern in a business or organization.) 2. Comment on the legal and
ethical issues involved in skimming. 3. If you were aware of this activity on your business, how would you address it?
Is this the question you were looking for? If so, place your order here to get started!