TaxGuyBill
Level 15
a week ago
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@strongsilence wrote:
he is winding down his business.
His 2024 P&L shows huge increase in payments to subs and for supplies.
If he is trying to wind down, a huge increase to subs could make sense because he is trying to not work.
The huge increase in supplies is questionable though, but could have a reasonable explanation (higher gross income, different kind of jobs, accounting for things differently, etc.).