--- title: "Meaning & Key Takeaway of: If I have an accountant that just reports…" description: "\"If I have an accountant that just reports I just invested $10 million in my business, and he doesn't exactly itemize where every cost goes, it gives a ..." image: "https://sms4smile.com/quotes/i/f51/damon-dash-4538_accountant_if-i-have-an-accountant-that-just-report_2949706.png" --- # If I have an accountant that just reports I just invested… ![“If I have an accountant that just reports I just invested $10 million in my business, and he doesn't exactly itemize where every cost goes, it gives a flag to the government. They want to make sure that the reason I'm not paying taxes is because I'm reinvesting in these businesses and not trying…” quote by Damon Dash](https://sms4smile.com/quotes/i/f51/damon-dash-4538_accountant_if-i-have-an-accountant-that-just-report_2949706.png) [Download](https://sms4smile.com/quotes/i/f51/damon-dash-4538_accountant_if-i-have-an-accountant-that-just-report_2949706.png) [Open image](https://sms4smile.com/quotes/i/f51/damon-dash-4538_accountant_if-i-have-an-accountant-that-just-report_2949706.png) > “If I have an accountant that just reports I just invested $10 million in my business, and he doesn't exactly itemize where every cost goes, it gives a flag to the government. They want to make sure that the reason I'm not paying taxes is because I'm reinvesting in these businesses and not trying to hide stuff.” [Damon Dash](https://sms4smile.com/quotes/author/damon-dash/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Lack of detailed financial reporting can raise suspicion, emphasizing the need for transparency to avoid regulatory scrutiny. **In simple terms:** Transparency prevents suspicion. Key Takeaway Maintain detailed records for compliance. Themes finance transparency regulation Mood cautious analytical Type advisory informational When to use this quote - startup funding - tax audits - investment reporting Key Concepts accounting tax law Questions to Reflect On - How detailed should reporting be for startups? - What balance exists between transparency and privacy? A Different Perspective Too much detail may overwhelm small businesses. ★ ★ ★ ★ ★ No ratings yet [Business](https://sms4smile.com/quotes/about/business/) [Government](https://sms4smile.com/quotes/about/government/) [Paying taxes](https://sms4smile.com/quotes/about/paying-taxes/) [Politics](https://sms4smile.com/quotes/about/politics/) [Reason](https://sms4smile.com/quotes/about/reason/) [Taxes](https://sms4smile.com/quotes/about/taxes/) ## Related quotes > [I was never a Certified Public Accountant. I just had a degree in accounting. It would require passing a test, which I would not…](https://sms4smile.com/quotes/bob-newhart/i-was-never-a-certified-public-accountant-i-just-had-a-degree-in-2/) [Bob Newhart](https://sms4smile.com/quotes/author/bob-newhart/) > [That's a compliment reserved only for politicians. You never hear someone say, 'You know what I love about my accountant? He's just a normal…](https://sms4smile.com/quotes/jason-kander/that-s-a-compliment-reserved-only-for-politicians-you-never-hear/) [Jason Kander](https://sms4smile.com/quotes/author/jason-kander/) > [I was never a Certified Public Accountant... I just had a degree in accounting. The reason I was never a Certified Public Accountant was…](https://sms4smile.com/quotes/bob-newhart/i-was-never-a-certified-public-accountant-i-just-had-a-degree-in/) [Bob Newhart](https://sms4smile.com/quotes/author/bob-newhart/) > [She was my accountant, so I just believed her.](https://sms4smile.com/quotes/john-howard/she-was-my-accountant-so-i-just-believed-her/) [John Howard](https://sms4smile.com/quotes/author/john-howard/) > [This is government's primary function - to keep us safe - and when large percentages in America don't feel safe, they start asking: What…](https://sms4smile.com/quotes/charles-schumer/this-is-government-s-primary-function-to-keep-us-safe-and-when-large/) [Charles Schumer](https://sms4smile.com/quotes/author/charles-schumer/) > [I'm paying more taxes inside my company and personally than I'll ever receive from Congress.](https://sms4smile.com/quotes/markwayne-mullin/i-m-paying-more-taxes-inside-my-company-and-personally-than-i-ll-ever/) [Markwayne Mullin](https://sms4smile.com/quotes/author/markwayne-mullin/) > [Taxes are paid in the sweat of every man who labors.](https://sms4smile.com/quotes/franklin-d-roosevelt/taxes-are-paid-in-the-sweat-of-every-man-who-labors/) [Franklin D. Roosevelt](https://sms4smile.com/quotes/author/franklin-d-roosevelt/) > [I don't see why a man shouldn't pay an inheritance tax. If a Country is good enough to pay taxes to while you are…](https://sms4smile.com/quotes/will-rogers/i-don-t-see-why-a-man-shouldn-t-pay-an-inheritance-tax-if-a-country/) [Will Rogers](https://sms4smile.com/quotes/author/will-rogers/) > [If I had the day off and knew everyone else was voting, I wouldn't miss it. It would become a routine part of my…](https://sms4smile.com/quotes/adam-grant/if-i-had-the-day-off-and-knew-everyone-else-was-voting-i-wouldn-t/) [Adam Grant](https://sms4smile.com/quotes/author/adam-grant/) > [I have no problem paying taxes. It doesn't bother me, because I want to live in a society that's happy.](https://sms4smile.com/quotes/deborah-meaden/i-have-no-problem-paying-taxes-it-doesn-t-bother-me-because-i-want-to/) [Deborah Meaden](https://sms4smile.com/quotes/author/deborah-meaden/) > [ Look at what I am proposing, and we \[wih Bernie Sanders\] have a vigorous agreement here. We both want to reign in the excesses… ](https://sms4smile.com/quotes/hillary-clinton/look-at-what-i-am-proposing-and-we-wih-bernie-sanders-have-a-vigorous/) [Hillary Clinton](https://sms4smile.com/quotes/author/hillary-clinton/) > [The people who are working, paying their taxes are put into the system so that affordable housing could be built in neighborhoods that they…](https://sms4smile.com/quotes/eric-bolling/the-people-who-are-working-paying-their-taxes-are-put-into-the-system/) [Eric Bolling](https://sms4smile.com/quotes/author/eric-bolling/) > [Most people I know have had problems paying their taxes. I am just like everybody else.](https://sms4smile.com/quotes/michael-caputo/most-people-i-know-have-had-problems-paying-their-taxes-i-am-just/) [Michael Caputo](https://sms4smile.com/quotes/author/michael-caputo/) > [Two things suck about becoming an adult male - paying taxes and getting a finger in your butt.](https://sms4smile.com/quotes/guy-code/two-things-suck-about-becoming-an-adult-male-paying-taxes-and-getting/) Guy Code > [I made $225.81 a week as an accountant, and I went to $400 a week as a stand-up. I was up to $800 a…](https://sms4smile.com/quotes/john-pinette/i-made-225-81-a-week-as-an-accountant-and-i-went-to-400-a-week-as-a/) [John Pinette](https://sms4smile.com/quotes/author/john-pinette/) ## More by Damon Dash > [I don't see the reason for sugar coating anything.](https://sms4smile.com/quotes/damon-dash/i-don-t-see-the-reason-for-sugar-coating-anything/) [Damon Dash](https://sms4smile.com/quotes/author/damon-dash/) > [What I've been noticing with the milennials is that they'll pay for quality.](https://sms4smile.com/quotes/damon-dash/what-i-ve-been-noticing-with-the-milennials-is-that-they-ll-pay-for/) [Damon Dash](https://sms4smile.com/quotes/author/damon-dash/) > [My delivery can be intense, but it's intense because I need to be heard. I know that people don't usually listen, as it relates…](https://sms4smile.com/quotes/damon-dash/my-delivery-can-be-intense-but-it-s-intense-because-i-need-to-be/) [Damon Dash](https://sms4smile.com/quotes/author/damon-dash/) > [Don't expect anyone to give you anything. If you really believe in something, then fight for it...](https://sms4smile.com/quotes/damon-dash/don-t-expect-anyone-to-give-you-anything-if-you-really-believe-in/) [Damon Dash](https://sms4smile.com/quotes/author/damon-dash/) > [If somebody asks you the same questions 25 times, maybe 2,500 times, do you still want to talk about the same thing?](https://sms4smile.com/quotes/damon-dash/if-somebody-asks-you-the-same-questions-25-times-maybe-2-500-times-do/) [Damon Dash](https://sms4smile.com/quotes/author/damon-dash/) > [It's very rare that a person, especially in his twenties and thirties, can do more than one business and do it well.](https://sms4smile.com/quotes/damon-dash/it-s-very-rare-that-a-person-especially-in-his-twenties-and-thirties/) [Damon Dash](https://sms4smile.com/quotes/author/damon-dash/) > [I’m always feeling death, and that is a part of life. When you know a lot of people, you will always experience death.](https://sms4smile.com/quotes/damon-dash/i-m-always-feeling-death-and-that-is-a-part-of-life-when-you-know-a/) [Damon Dash](https://sms4smile.com/quotes/author/damon-dash/) > [I think Jay-Z is probably my best student, and I can say that he listens, and that's what always made him special.](https://sms4smile.com/quotes/damon-dash/i-think-jay-z-is-probably-my-best-student-and-i-can-say-that-he/) [Damon Dash](https://sms4smile.com/quotes/author/damon-dash/) > [I'm gonna direct, like, a real movie. At least an hour and some change.](https://sms4smile.com/quotes/damon-dash/i-m-gonna-direct-like-a-real-movie-at-least-an-hour-and-some-change/) [Damon Dash](https://sms4smile.com/quotes/author/damon-dash/) > [It's hard not to be confident when you put in business the biggest black male in comedy, Kevin Hart. I know I took him…](https://sms4smile.com/quotes/damon-dash/it-s-hard-not-to-be-confident-when-you-put-in-business-the-biggest/) [Damon Dash](https://sms4smile.com/quotes/author/damon-dash/) > [My favorite record was the one I produced with Clark Kent.](https://sms4smile.com/quotes/damon-dash/my-favorite-record-was-the-one-i-produced-with-clark-kent/) [Damon Dash](https://sms4smile.com/quotes/author/damon-dash/) > [It's important to be enlightened.](https://sms4smile.com/quotes/damon-dash/it-s-important-to-be-enlightened/) [Damon Dash](https://sms4smile.com/quotes/author/damon-dash/) > [If you remember 'The Best of Both Worlds,' you don't see my name on that... I never wanted no part of that.](https://sms4smile.com/quotes/damon-dash/if-you-remember-the-best-of-both-worlds-you-don-t-see-my-name-on-that/) [Damon Dash](https://sms4smile.com/quotes/author/damon-dash/) > [A diabetic always wants to help another diabetic.](https://sms4smile.com/quotes/damon-dash/a-diabetic-always-wants-to-help-another-diabetic/) [Damon Dash](https://sms4smile.com/quotes/author/damon-dash/) > [Jobs are for lazy people who don’t want to invest in themselves.](https://sms4smile.com/quotes/damon-dash/jobs-are-for-lazy-people-who-don-t-want-to-invest-in-themselves/) [Damon Dash](https://sms4smile.com/quotes/author/damon-dash/) [Explore all 109 Damon Dash quotes ](https://sms4smile.com/quotes/author/damon-dash/) ## More Accountant quotes > [I made $225.81 a week as an accountant, and I went to $400 a week as a stand-up. I was up to $800 a…](https://sms4smile.com/quotes/john-pinette/i-made-225-81-a-week-as-an-accountant-and-i-went-to-400-a-week-as-a/) [John Pinette](https://sms4smile.com/quotes/author/john-pinette/) > [You can make a very good argument that society would be much worse off if you let 10 rapists and murderers free rather than…](https://sms4smile.com/quotes/jonah-goldberg/you-can-make-a-very-good-argument-that-society-would-be-much-worse/) [Jonah Goldberg](https://sms4smile.com/quotes/author/jonah-goldberg/) > [I was an accountant for six months, and for the last three, I didn't do much work.](https://sms4smile.com/quotes/john-pinette/i-was-an-accountant-for-six-months-and-for-the-last-three-i-didn-t-do/) [John Pinette](https://sms4smile.com/quotes/author/john-pinette/) > [Did you ever hear of a kid playing accountant - even if they wanted to be one?](https://sms4smile.com/quotes/jackie-mason/did-you-ever-hear-of-a-kid-playing-accountant-even-if-they-wanted-to/) [Jackie Mason](https://sms4smile.com/quotes/author/jackie-mason/) > [“Financial statements are my novels, I am a Chartered Accountant.”](https://sms4smile.com/quotes/vikrmn-ca-vikram-verma/financial-statements-are-my-novels-i-am-a-chartered-accountant/) [Vikrmn: CA Vikram Verma](https://sms4smile.com/quotes/author/vikrmn-ca-vikram-verma/) > [I could never have been an accountant. I got a D in math.](https://sms4smile.com/quotes/rob-marshall/i-could-never-have-been-an-accountant-i-got-a-d-in-math/) [Rob Marshall](https://sms4smile.com/quotes/author/rob-marshall/) > [I have a poverty demon. I'll ask my accountant if I can afford something, and he'll say, 'What are you talking about?'](https://sms4smile.com/quotes/tyra-banks/i-have-a-poverty-demon-i-ll-ask-my-accountant-if-i-can-afford/) [Tyra Banks](https://sms4smile.com/quotes/author/tyra-banks/) > [You can't be the accountant in your accounting firm. You can't cut the grass in your landscaping business. You can't work on the vehicles…](https://sms4smile.com/quotes/michael-gerber/you-can-t-be-the-accountant-in-your-accounting-firm-you-can-t-cut-the/) [Michael Gerber](https://sms4smile.com/quotes/author/michael-gerber/) > [“Let the learning be the journal of life.”](https://sms4smile.com/quotes/vikrmn-ca-vikram-verma/let-the-learning-be-the-journal-of-life/) [Vikrmn: CA Vikram Verma](https://sms4smile.com/quotes/author/vikrmn-ca-vikram-verma/) > [She was my accountant, so I just believed her.](https://sms4smile.com/quotes/john-howard/she-was-my-accountant-so-i-just-believed-her/) [John Howard](https://sms4smile.com/quotes/author/john-howard/) > [In the e-filing system, the accountant has the user identity and password of each company. This would potentially allow a rogue accountant to play…](https://sms4smile.com/quotes/sucheta-dalal/in-the-e-filing-system-the-accountant-has-the-user-identity-and/) [Sucheta Dalal](https://sms4smile.com/quotes/author/sucheta-dalal/) > [I had my first accountant when I was 20 and he reminded me I had a tax bill to pay, so I had to…](https://sms4smile.com/quotes/colin-jackson/i-had-my-first-accountant-when-i-was-20-and-he-reminded-me-i-had-a/) [Colin Jackson](https://sms4smile.com/quotes/author/colin-jackson/) > [“If others qualify, it's a great going; if an auditor qualifies, it's not.”](https://sms4smile.com/quotes/vikrmn-ca-vikram-verma/if-others-qualify-it-s-a-great-going-if-an-auditor-qualifies-it-s-not/) [Vikrmn: CA Vikram Verma](https://sms4smile.com/quotes/author/vikrmn-ca-vikram-verma/) > [“Millions of business people are each constantly forced to choose between their desire to not be a bad person and their desire to be…](https://sms4smile.com/quotes/mokokoma-mokhonoana/millions-of-business-people-are-each-constantly-forced-to-choose/) [Mokokoma Mokhonoana](https://sms4smile.com/quotes/author/mokokoma-mokhonoana/) > [I was never a Certified Public Accountant... I just had a degree in accounting. The reason I was never a Certified Public Accountant was…](https://sms4smile.com/quotes/bob-newhart/i-was-never-a-certified-public-accountant-i-just-had-a-degree-in/) [Bob Newhart](https://sms4smile.com/quotes/author/bob-newhart/) Browse all 121 Accountant quotes ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "If I have an accountant that just reports I just invested $10 million in my business, and he doesn't exactly itemize where every cost goes, it gives a flag to the government. They want to make sure that the reason I'm not paying taxes is because I'm reinvesting in these businesses and not trying to hide stuff.", "creator": { "@type": "Person", "name": "Damon Dash" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/damon-dash/if-i-have-an-accountant-that-just-reports-i-just-invested-10-million/", "about": { "@type": "Thing", "name": "Accountant" }, "@id": "https://sms4smile.com/quotes/damon-dash/if-i-have-an-accountant-that-just-reports-i-just-invested-10-million/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/f51/damon-dash-4538_accountant_if-i-have-an-accountant-that-just-report_2949706.png", "contentUrl": "https://sms4smile.com/quotes/i/f51/damon-dash-4538_accountant_if-i-have-an-accountant-that-just-report_2949706.png", "url": "https://sms4smile.com/quotes/i/f51/damon-dash-4538_accountant_if-i-have-an-accountant-that-just-report_2949706.png", "width": 1080, "height": 1080, "caption": "“If I have an accountant that just reports I just invested $10 million in my business, and he doesn't exactly…” — Damon Dash", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Damon Dash", "item": "https://sms4smile.com/quotes/author/damon-dash/" }, { "@type": "ListItem", "position": 4, "name": "If I have an accountant that...", "item": "https://sms4smile.com/quotes/damon-dash/if-i-have-an-accountant-that-just-reports-i-just-invested-10-million/" } ], "@id": "https://sms4smile.com/quotes/damon-dash/if-i-have-an-accountant-that-just-reports-i-just-invested-10-million/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```