In a business partnership,50/50 what would you do and think if this happenend to you?

C

crazartgirl

New member
Maybe something similar has happened,if so,please share.
Got a phone call yesterday from a tax at attorney asking if I would like their help with our 42,000 back tax bill for our business.
Partner does all the accounting.
Apparently,he doesn't know how to pay taxes.
Without confirming with me,he set up a payment arrangement for 1,000 a month until the debt is taken care of.
I don't even know where to begin in taking action.What would you do?
 
Well, it's got to be paid off if you wish to remain in business. Do you know if you actually do owe 42K in back taxes? This partner who does the accounting may have just stepped you another foot into the business grave if you don't owe that money.

You, as a partner, need to occasionally review the accounting records as well to make sure tax payments are being made on time.

Actually, this is kind of a scary situation. Who knows how much the accounting partner has 'skimmed' off the business. . . (I have a really bad feeling about this).
 
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