EFTA00641313.pdf

From: Jon Tomlinson To: "jeffrey E." <[email protected]>, Anastasiya Siroochenko Subject: Detail for "Understatement of Income" for Sublime Arts Audit Date: Wed, 24 May 2017 02:23:09 +0000 Attachments: Sublime_2014_Income_Understatement.pdf Actually, it looks to me like the auditor made a mistake on her worksheet — see attached spreadsheet I put together. Basically, she added all of the income that flowed into the business accounts and then subtracted the sales income that we reported on the 2014 taxes. For the most part, the difference she reported is all due to sales tax that was received / collected and then paid to NY State. We do not report this as sales income on the Profit and Loss Statement since it's reported as Sales Tax Payable on the Balance Sheet. The other three items were reimbursements. The remaining difference of $19.84 is due to the $20 line item on her worksheet for "Other Receipts." This does not correlate to any income / deposits that we received so I think it's another mistake. So... this should wrap everything up for Thursday. On May 23, 2017, at 2:16 PM, jeffrey E. <[email protected]> wrote: any luck on the 52k, or do we simply admit, we made a mistake please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00641313