Comments by "looseycanon" (@looseycanon) on "IRS taxing side hustles is not going over well with people" video.
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Oh you're wrong, louis. Mistakes are absolutely going to be done on the billionaire level. There is a reason, why S&P or EY exist. That is, when you'll get large enough in terms of money, only they can make your audit and certify your accounting. At the billionaire level, you have so many transactions, you actually need the guy dedicated to it, because it actually take's a full day to sort it all out.
Also, you don't have to spend x hours doing accounting your self. In my country, you can buy service on a per-value basis, meaning a typical invoice costs you about a Dollar, filing for taxes costs you like forty per quarter, plus there are packages which are even cheaper, and all you need to do, is to get your invoices to your accounting service provider as soon as possible, which is literally a scan and email or a fax away. At that point, what you say here are excuses, not arguments.
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