Quote:It gets tricky with small companies. For example the owner at my old shop would claim he makes less then everyone he employees, that's because on paper he only takes a 20,000 a year salary. Mind you his $800 car payment for the Acura mdx his wife drove was listed as a company car so the business paid it outside his salary, he had a business fuel card for his car his wife's car and his daughters car. The business sponsored his daughters college on a scholarship. The company card was used of they ever went out to eat it was a business meeting between ownership. Pretty much the only expense not covered by the business was his mortgage (he had two 300,000 houses at one point) even his alarm and lawn maintenance was rolled into the business expenses since it was the same companies they just upped his bill for the business and didn't charge for his personal use. I know some of that's a gray area he would probably get in trouble if his accountant wasn't top notch. What killed me was because he would only pay himself 20,000 he collected food stamps, obamacare and even bragged about a cheaper phone line. It's easy to hide personal expenses in business expenses so on paper an owner can claim poverty.