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Why not zero interest on input loans?

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    #13
    I happen to know who is in charge in sask of their give away programs due to covid.eg.tourism ,bars ,hotels ,etc. It’s all run tru your bank account,same as ceba.Now the govt has access to your bank records .They are finding lots of unreported business income from past years.Lots of money going out but quite sure there will be lots of audits in years to come.I know I could not truthfully qualify for ceba as covid has not hurt my bottom line at all.Last year will be near the top for net income on our farm. Just saying

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      #14
      Originally posted by fcr View Post
      I happen to know who is in charge in sask of their give away programs due to covid.eg.tourism ,bars ,hotels ,etc. It’s all run tru your bank account,same as ceba.Now the govt has access to your bank records .They are finding lots of unreported business income from past years.Lots of money going out but quite sure there will be lots of audits in years to come.I know I could not truthfully qualify for ceba as covid has not hurt my bottom line at all.Last year will be near the top for net income on our farm. Just saying
      What difference would access to bank accounts make if the business is incorporated, already using double entry accounting? Nothing to hide. Still can't access cash transactions.

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