Today i met with some people from the a government agency... Its the branch that deals with taxes. In 2008, Imagine Nation sales reached over 2M and we declared it all (yes crazy but we do). Unfortunately, my wise accountant then didn't know how to file our expenses correctly and so now we are having problems. despite paying over 1M in taxes that year alone, the agency could still point some flaws in our books that can mean real trouble.
After a series of negotiations that need not be revealed here -- long and short of it is that i had told them. Hopefully, we will not need to do anything like this for 2009. I would want to do everything to be clean, legal and beyond reproach -- even if it means not making money.
So after lunch, my accountant tells me "I am worried for you sir Jong. Our sales this year is pretty big. do you really want to declare your entire sale?" her recommendation was just to declare a portion of it, since that's what most people do. i knew it was illegal so i said no. Then she suggested if we wanted to just over declare our expenses... with that Monique and I just looked at each other, without uttering a word we understood each other's thoughts. I knew what to reply...
"Don't worry... 20-25 more years and this suffering will end. I know i just need to hang on some more...." Next year i hit 40 and then i'm sure i'm past midlife. with that my accountant remarked "Ang daling maging tao no? ang hirap magpakatao..." And i agree, but knowing that our God will reward us for our righteousness helps... and it just makes me more excited to get out of this world someday.