Banking

[arnemgreeves]

This is perhaps more pertinent for people who accept cash. But something I've always wondered is this - how often do providers deposit their earnings? Do they make a daily note of all takings for tax purposes? 

[maninsoma]

I'd be surprised if you receive a response here that's anything other than "Yes, of course I keep track of all of my earnings and I deposit cash regularly because I'm claiming all of my income," assuming any providers choose to post a reply at all.  Who would post on a public form that they are deliberately under reporting income and making it more difficult to trace by not depositing it into a bank so they can escape paying taxes on a portion of their income?
 

[arnemgreeves]

30 minutes ago, maninsoma said:

I'd be surprised if you receive a response here that's anything other than "Yes, of course I keep track of all of my earnings and I deposit cash regularly because I'm claiming all of my income," assuming any providers choose to post a reply at all.  Who would post on a public form that they are deliberately under reporting income and making it more difficult to trace by not depositing it into a bank so they can escape paying taxes on a portion of their income?
 

People are free to answer how they wish. I'm not forcing anybody to disclose sensitive info, nor can I force anybody. It's just out of curiosity. 

[Thomas_Belgium]

Yes, I know some do because if they keep all the cash in their house after a while it could become too much to be safe.