Look, you have a small business that grosses about 5 million a year. All that revenue comes in by the way of checks through the mail. Most is deposited in the bank except maybe 20% that is cashed locally at one of these check cashing stores. Most of that is used for daily operating expenses for the drivers and other pressing matters. What I am saying is these check cashing places can go through a lot of cash in a weeks time.
I’d run everything through the bank account and get cash out from that account.
Is the IRS ever going to catch on to the unreported cash? Probably not. Unless they go after the business for political reasons, or more likely, a disgruntled former employee blows the whistle.
Trying to beat the taxman out of a few dollars isn’t worth the sleep that I’d lose.