From: "Jeffrey E." <[email protected]> To: Richard Joslin Subject: Re: FW: Trends and Reconciliation to Tax Returns Date: Sun, 03 Aug 2014 17:19:53 +0000 revenue? jan 13 payroll? it looks like looses of 6.5 million, she said raised 8.5. plus loans? On Sun, Aug 3, 2014 at 9:05 AM, Richard Joslin < > wrote: Tax returnsfiles and John Murphy comparison of tax return to excel M. I have not discussed with him — not clear on the other expenses on the "trend" file, first tab — row 42. From: John Murphy [mailto: Sent: Friday, August 01, 2014 4:45 PM To: Richard Joslin; Eileen Alexanderson Subject: Trends and Reconciliation to Tax Returns Richard/Eileen, ] I have created a simple spreadsheet (ArtSpace Trends) that shows the major Income statements and Balance Sheet items by month. I will look at this to verify where the cash is going. In the meantime I also used this file to tie back the QB financials to the Tax Returns and highlight any differences. Note 2013 is based on accruals, while 2011 and 2012 was on a Cash basis. As I look at 2012 and 2013 the major differences are disallowable T&E for Tax purposes. Comparing the tax returns to the QB files this gives us a comfort level on the validity of the data. I will perform some substantial testing to verify salaries etc. (I will also question Catherine on some of the classification of 2011 expenses) I will keep you updated as I make progress. EFTA00994830