EFTA02650323

From: jeffrey E. <[email protected]> Sent: Wednesday, May 24, 2017 6:05 AM To: Jon Tomlinson Subject: Re: Detail for "Understatement of Income" for Sublime Arts Audit Great On Tue, May 23, 2017 at 10:23=PM Jon Tomlinson > wrote: Actually, it looks to me like the auditor made a =istake on her worksheet — see attached spreadsheet I put together.=C2 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 =ales 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 =t's reported as Sales Tax Payable on the Balance Sheet. The =ther three items were reimbursements. The remaining difference of $1=.84 is due to the $20 line item on her worksheet for "Other Receip=s." This does not correlate to any income / deposits that we=received so I think it's another mistake. So =80 this should wrap everything up for Thursday. On May 23, 2017, at 2:16 PM, jeffrey E. < any luck on the 52k, or do we simply admit, we made a mis=ake =C2 please note The information contained in t=is communication is confidential, may be attorney-client privileged, ma= constitute inside information, and is intended only for the use of =he addressee. It is the property of JEE Unauthorized use, disclosure=or copying of this communication or any part thereof is strictly prohib=ted and may be unlawful. If you have received this communication in =rror, please notify us immediately by return e-mail or by e-mail to [email protected]=m, and destroy this communication and all copies thereof, includ=ng all attachments. copyright -all rights reserved please note EFTA_R1_01890633 EFTA02650323 The=information contained in this communication is confidential, may be att=rney-client privileged, may constitute inside information, and is inten=ed only for the use of the addressee. It is the property of JEE U=authorized use, disclosure or copying of this communication or any part=thereof is strictly prohibited and may be unlawful. If you have receive= this communication in error, please notify us immediately by return=e-mail or by e-mail to [email protected] <mailto:[email protected]> , and destroy this communication and al= copies thereof, including all attachments. copyright -all rights reser=ed --94eb2c115a9469b40605503ee326-- conversation-id 45196 date-last-viewed 0 date-received 1495605916 flags 8590195713 gmail-label-ids 7 remote-id 716384 2 EFTA_R1_01890634 EFTA02650324