Starting with Why: Every day in business, you encounter things that annoy, frustrate, or confuse you. I wanted to talk about how I’ve chosen to accept some of the things I cannot change.
One of the more frustrating points about running a business is that you can either know what it’s really worth or keep accurate books for taxes. And never the twain shall meet.
Businesses are punished on their balance sheets for being good negotiators. At the same time, they are required to take totally fallacious “expenses” while being forbidden from taking real ones. Here’s a few examples:
- Cost basis
- Capitalized expenses