Spike isn’t a licensed CPA. He didn’t even pass Financial Accounting freshman year. Spike doesn’t understand debits, credits, GAAP principles, separation of duties, IFRS, or the differences between FASB and GASB. He knows nothing about the SEC or what a Form 10-K is. He doesn’t understand how to keep a company from running afoul of Sarbanes-Oxley. He’s never prepared financial disclosures for a lemonade stand, let alone a “legitimate” business.
The gems would probably be a tax write-off for Rarity’s clothing business, if she is doing her paperwork correctly.
The one who should be worried is Fluttershy. How does she make money?
She’s the caretaker of the forest animals so that makes her a park ranger which makes her a goddamn fed.
That’s fair. At least she is providing a service, which is more than could be said for nepo baby Twilight Sparkle.
Do you really think she’s the paperwork type?
She thirst-trapped Spike into doing all of that for her. (But Spike sucks at tax paperwork.)
Spike isn’t a licensed CPA. He didn’t even pass Financial Accounting freshman year. Spike doesn’t understand debits, credits, GAAP principles, separation of duties, IFRS, or the differences between FASB and GASB. He knows nothing about the SEC or what a Form 10-K is. He doesn’t understand how to keep a company from running afoul of Sarbanes-Oxley. He’s never prepared financial disclosures for a lemonade stand, let alone a “legitimate” business.
Ofc the paperwork is wonky.
On the plus side, though, he’s got close connections with royalty, and can probably arrange for the problem to ‘go away’ in a pinch.
She’s got contacts in the forest.