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A process in high cash based businesses whereby the owner takes cash from his till box and doesn’t record this cash as revenue on the books. The process is not illegal, but the failure to proper report the income when filing taxes is the actual problem.

Skimming in Business


Skimming is a generic term referring to taking a little bit off the top.   In dairy, it refers to the cream at the top of the milk pail.  In painting, it refers to a very thin coat of paint to identify imperfections with the wallboard.  In [...]