Cash only businesses

[Anonymous]

Anonymous wrote:Won't be around much longer. In UK and Europe, everything is paid by cards these days. Cash is rapidly dying out. Same is happening in US. I tried making an appointment for a hair cut at a recommended salon and was told cash only. I laughed and said forget it. Went elsewhere. Not running to an ATM just to get cash for a haircut! Sooner or later the holdouts are going to realize they lose more business being cash only.

Ability to surveil and control you... See countries where "negative interest rates" have resulted in seizures from bank accounts, etc.

[Anonymous]

Anonymous wrote:Is tax fraud the reason my nail salon only allows tips in cash? They have an ATM in the shop in case you forget to bring cash.

Yes. They don’t report tips or a lot of transactions.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Won't be around much longer. In UK and Europe, everything is paid by cards these days. Cash is rapidly dying out. Same is happening in US. I tried making an appointment for a hair cut at a recommended salon and was told cash only. I laughed and said forget it. Went elsewhere. Not running to an ATM just to get cash for a haircut! Sooner or later the holdouts are going to realize they lose more business being cash only.

Lots of poor (or homeless) people don’t have cards. Discrimination should be banned.

Which is why you can get prepaid cards. No credit check required.

Are you giving homeless people prepaid cards?

[Anonymous]

Anonymous wrote:Housekeepers are "cash only" i.e., venmo, zelle, checks. So are all of you people saying that all housekeepers commit tax fraud?

Those aren't cash only. They create transaction logs.

[Anonymous]

With all these tax fraud comments, people must really trust the govt not to waste money.

[Anonymous]

Anonymous wrote:Housekeepers are "cash only" i.e., venmo, zelle, checks. So are all of you people saying that all housekeepers commit tax fraud?

ALL of them, no. MANY of them, yes.

[Anonymous]

It's a combination of 2 things. Trying to dodge taxes and not paying outrageous credit card fees.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Housekeepers are "cash only" i.e., venmo, zelle, checks. So are all of you people saying that all housekeepers commit tax fraud?

Those aren't cash only. They create transaction logs.

Sweetie the IRS doesn't look at your Venmo transaction logs especially if you don't have large daily transactions. LARGE.

[Anonymous]

Anonymous wrote:Housekeepers are "cash only" i.e., venmo, zelle, checks. So are all of you people saying that all housekeepers commit tax fraud?

Yes. It’s how their kids can be on free and reduced lunch and other supports.

I really don’t believe a lot of the income reports about how many people are actually under the poverty line. I see it with my own family too. Tons of under reporting. My aunt owns a housecleaning company. Most make pretty good wages, but of course they work very hard for it.

[Anonymous]

There are some businesses where it is common to be cash only.

https://connecteam.com/cash-only-businesses/

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Housekeepers are "cash only" i.e., venmo, zelle, checks. So are all of you people saying that all housekeepers commit tax fraud?

Those aren't cash only. They create transaction logs.

Sweetie the IRS doesn't look at your Venmo transaction logs especially if you don't have large daily transactions. LARGE.

Yet.

[Anonymous]

I live in an outer burb of a large metro area, and even farther out from me is a farm stand business that has great stuff, but is Cash Only because they cannot get a good enough internet connection to take cards!!!

They would like to, but instead have to post Cash Only on their FB page every day.

[Anonymous]

Anonymous wrote:Housekeepers are "cash only" i.e., venmo, zelle, checks. So are all of you people saying that all housekeepers commit tax fraud?

Yes.

[Anonymous]

A shocking number of low pay jobs like house keepers commit tax fraud. But you know what? It’s because their customers absolutely won’t pay more. If you pay 150 bucks cash, you’d need to pay 200 for a schedule c filer to get the same take home pay. Do you want to pay 30% more for your services? You are complicit and an accessory to the fraud. It’s fine. We all are. Just don’t act with such righteous indignation.

[Anonymous]

20-something years ago, my old agency did an investigation of a well-known Peruvian chicken place in Wheaton that only took cash. When they did a search warrant on the owners house, they found millions in cash hidden behind the drywall. Owner did some time in prison and the restaurant re-opened when he got out and is still in business today.