I'm in big BIG trouble.........Souldrifter

To make a long, complicated story short....I could be going to jail or something. I'm not sure what will happen to me.

The thing is I've been working for this small, privately owned company for a year and a half now. I'm responsible for the finances. I write the checks etc. This company is owned by a young man but is actually run by his father. They both work in the business. When I first started working there I was pretty naive' about the legalities of business. I could do the book keeping but I didn't care much about the business aspects. As time went on the more I learned the more nervous and frustrated I got.

This company makes a decent amount of money yet they are always in the red. They are always behind and in fact, haven't paid taxes since the 2nd quarter of last year. Why? Because there is never any money to do so. Why? Because when ever I get any money in, both these guys hit up the account for personal spending. They both get a VERY good pay check yet I estimate they have combined hit the account for around $30,000 so far this year for things that are not business related. How is this my fault? Because 99% of the time I write the check for them. They call me up and say "I need this for that" ect. Sometimes they go in on Saturdays and do it themselves.

Some examples of the checks I've done...Both of their mortgage payments, both of their wives car payments, their wives montly car insurances, repairs to their wives cars, their wives registrations, their home cable bills, their home electric bills, landscapping of their homes, carpet for their homes, mediacal and dental deductables bills for their children, college registration and other fees for one child, a graduation party (with band), restaurant and bar tabs not business related, and even flowers seveal times for any occasion for the wives. That isn't even the times they say "I need an extra $300 in my pay this week" or the $1,000 check one of them made out to himself with no explanation at all.

Now I'm not only behind in accounts payable but I'm over drawn at the bank. Why? Because boss man didn't tell me about a couple of checks he just took without telling me that totaled $1,000. But that's not the worst of it. I had the IRS in my office last week. I requested the meeting because I know we are behind on the taxes and I want to make arrangements to straighten it all out. Without saying anything (cuz I know better) we discussed personal spending of employers out of the business account and it's worse then I imagined. It's fraud. They are not claiming this as personal income...which is certainly is. I don't know what the penalty is but if they even suspect anything they are going to want to do an audit and that is not good for any of us.

I was talking to a friend I can trust who works with my boss. He's an old friend of his and well aware of whats been going on long before I even got there. This company has gone bankrupt twice before I came along. My friend is concerned that I could be held responsible as an accessory to all this. I'm scared to death. I can't play innocent because I've known this was wrong but not THAT wrong. I've even told both of them to please stop it but it only gets worse when I do that. Then they can't understand why I'm behind on the taxes ect.

I have a sick feeling that something bad is going to happen. I've requested a meeting with both of them tomorrow to tell them that unless things change, I'm out of there and I know they don't want that. They depend on me too much to let me go. Yet, I still can't help feeling nothing is going to change. It's hard for me to just quit because I need the money right now. And I'm also afraid that if I don't keep them happy this way, they will find a way to make me the scape goat. Alot of the checks were in my name as a "convinience" so that I could cash the checks for them. Neither one of them have a personal bank account and I even cash their paychecks for them every week. I'm so screwed. I'm sick about all of it.

What do I do now?

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