Hannover House Inc (HHSE)

[Jerry7777]

I am NOT a 'tax EX-pert', 'law-yer', 'CPA' or 'PA', 'financial planner', and/or any other kind or UN-kind of EX-pert --- BUT!!!:

Filing tax RE-turns on the 'cash basis' does NOT make them wrong --- even if the books and financial RE-porting are done on the 'accrual basis'. (There are "work-sheet techniques" which go from one to the other.)

There can be SUB-stantial BENE-"fits" to paying taxes on the 'cash basis' rather than the 'accrual basis' --- and this should be a PRO-per 'management' decision to make, notwithstanding any auditors and their PRE-ferences.

The auditors may ADD-vise based on their massaging of the numbers --- but the DE-cision should NOT be theirs!

And the auditors' written, certified 'opinion' should attest to the numbers and the 'financial picture' of the company.

Without these things the company cannot be "grown" be-the-cause the PRO-PER ACCOUNTABILITY MUST BE DOCUMENTED, IN-"CLUE"-DING NON-balance sheet 'transactions!