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Insurance Problems with off the books payments

Insurance - Problems With Off the Books Laundromat Payments

As a Laundromat business owner, it’s important to know that "off the books" payments can lead to issues if and when it comes time to report an insurance claim.  Bob Kirkwood explains the problems that can come about as a result of "off the books" Laundromat payments, including inaccuracies with gross income reporting, little or no disability or workman’s compensation benefits and possible lawsuits and tax fraud.

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