The Impact of Unreported Income and Non-Business Expenses on Child Care Business Value: “If You Hide the Money Too Well, Nobody Will Be Able to Find It”
When I started my business brokerage career in 1995, it was common to find that the business owner was not reporting all business revenues. In addition, they were also running lots of personal expenses (cars, house payment, country club membership, personal food, etc.) through their business. This, of course, was done to lessen the federal…