Home – New Forums Money matters ‘Cash in hand’ work Reply To: ‘Cash in hand’ work

  • Total posts: 1,691
Rachael , post: 210433 wrote:
If a business paid it’s employees cash in hand for a short period of time, then lost the information that showed how much they were paid, how would an accountant deal with that?
The only information would be atm withdrawals on a bank statement.

I’m assuming from the post you’re looking to rectify a situation you have.

Best bet would be to actually ask an accountant and get it sorted quickly, my experience has been that you’re better to “own up” and settle it, than wait to be audited and get crunched.

I would guess the payments would be at regular intervals for similar amounts of money and could perhaps be “reverse engineered” from the “nett” payments by an accountant to ascertain any liabilities or expense claims.