Alliance Creative Group Inc (ACGX)

[Pennystomper]

Buy ever share you can!!!
When a company has operating expenses of $705,937, and a net income of ($51,178), with taxes paid of $20,068, something is wrong.

The answer to this question lies in the way the government calculates taxes, more so what expenses can be used and which one are denied.
According to the government with $20,068 of tax due, the company had net income of $100, 272.
This mean the company had $151,450 of expenses that were disallowed for tax purposes.
Things that are typically disallowed are unnecessary meals, vehicle expenses over allowed amounts, trips with no business purpose. Things that Paul is putting onto a company credit card that would otherwise be a personal expense.
This little piggy bank generated 151,450 in the first three months for management team of ACGX.

7500 TAX ON FIRST 50,000
12568 tax at 25% on the remainder
Making up a total of 20,068.