Hardy asked Andy to help him calculate his assets. Andy smiled and said, "Boss, there's no need to calculate. I have your tax return from last year. Your assets are clearly listed."
Hardy took the thick document and started to look through it.
HD Security Company: profit of $1.68 million, expenses of $3.25 million, in a loss state, taxed $21,000.
"Paying taxes even when at a loss?" Hardy pointed to the document.
"Federal corporate income tax, California corporate income tax, local taxes, and more. This is the minimum within legal bounds," Andy explained with a shrug.
Fine. In this area, Andy was an expert, and Hardy trusted his tax avoidance skills.
HD Film Company: income of $3.12 million, expenses of $5.82 million, still in a loss state, taxed XXX.
