Thread: cash or no cash
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      07-22-2010, 02:20 PM   #14
dcgolfdr
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As a business owner you have to accept all forms of payment. No one carries cash, some people write checks but most use a credit or debit card. As other have mentioned merchant fees do cut into profits but it is a part of doing business. Also as a business owner there are many tax incentives in place from the govt. Work with a good accountant who understands the everchanging tax laws, take advantage of the laws in place and pay less tax the legal way. Didn't GE or a company similar not pay any tax this past year? It wasn't because they only took cash.
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