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So I'm working for a company that the owner has a portion of $$ withheld from his check and put in a GL account within the company to be taken out randomly in the form of a company check. Why would someone do this? It's called a personal savings account. The only thing I can think of is that he doesn't want his wife to know about this $$. So what is it for????
he's got a side dish going on that he's stepping out with...on the wife who doesn't know yet. I don't know. Provide some more info. Maybe he's got a gambling habit or some other "addiction." If the business expenses are all covered and employees are being paid on time then why worry?
It's very odd, you get a paycheck and put $ into your own savings account. You don't have $ deducted to later be paid to you in a separate check, it's odd, just curious if anyone knows a legitimate reason someone would do this.
Why exactly is it your business what the owner of the company does with his money? It is generally a good idea to tend to your own job and stay out of the owners finances.
Why are you snooping into company finances, like someone asked? IF you're getting paid on time then why do that? IF your boss catches you, you will be toast.
If you did that to me, you would be gone, and no references for you. Are you personally involved with the boss on an intimate level? Is that why you're prying into his accounting like that? Well if you are involved like that, then that's another story for another thread.
You must be accountant for this firm. If you suspect something unlawful is going on; the IRS picks it up, and it becomes known that you were aware of the practice, you "could" be in criminal trouble depending on what the IRS and federal prosecutor want to do.
If you simply have a bone to chew with your boss, find a new job and then resign, which is what I would do in either case.
No it comes out after tax.. It's just held in the company for a later withdrawal,
Mod cut.
Last edited by PJSaturn; 03-25-2016 at 07:51 AM..
Reason: Personal attacks.
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