Previously when Big J has few textile shops, he used to pass all his business accounts to a friend of mine that work in an audit firm. She helped him to compile the necessary accounts so it would be easier for him to submit for income tax purposes. Been not of accounting background, it is not easier for Big J to sort out his cashflow of the businesses. Thank god to my friend, she helped him a lot during those 5 years.
She even suggested to him to use irs extension form 2009 to obtain tax extension. It is great advice as he was able to maximise on his tax deduction and used it to invest in properties and bonds. Otherwise we would not be where we are now.
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