Just Say “No” – To Bribes and Kickbacks!
Felisha is trying to get the proper permits to open her salon, but she is running into a lot of issues. She has vented her frustrations to an acquaintance and has received some unsolicited advice. The acquaintance has told her that if she asks for Jim, at city hall, he can help her get through the red tape (wink, wink). Felisha understands what is being implied. She is desperate and is considering contacting Jim to see if he can help her.
Bribes are “any payments that appear to have been made, either directly or indirectly, to an official or employee of any government or an agency or instrumentality of any government aren’t deductible for tax purposes and are in violation of the law” (IRS Publication 535, page 80).
“A kickback is a payment for referring a client, patient, or customer” (IRS Publication 535, page 80).
Fortunately, Felisha was able to figure out another way, legally, to get her permits for the salon. Had she taken the advice of the acquaintance, she could have been criminally prosecuted for her actions.
You may see it happen in the movies, but don’t try it! For more information on good business practices, contact us at firstname.lastname@example.org or 407-988-5647.
Categories: General Business