185 small business tax deductions & write-offs you cannot take and hot topics such as automobiles, home offices, deducting MBA's and more.
You can deduct 100% of the meals you provide your employees in social settings such as parties or picnics, or if the meal is for the convenience of the employer, such as working lunches. This is called de minimis, and here is the blurb from the IRS: In general, a de minimis benefit...
The decision to enroll in medical school requires a significant commitment on your part both financially and mentally. Since the financial cost of attending medical school can be quite expensive, it's even more important that you don't overlook any of the tax deductions available to you for tho...
Writing off the cost of meals while traveling or meeting with clients is a perk for business owners. We go over all the IRS rules for business meal deductions.
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It starts becoming a little ‘grey’ when you put in claims for lavish lunches and entertainment costs. Be warned that in these instances, SARS may flag your return for verification and you’ll have to prove the legitimacy of each expense....
The rules vary a lot between different countries. Generally speaking, remote workers can claimtax relief or deductionsfor things like utilities, Internet bills, equipment costs, furniture, and rent. It’s important to research the situation in your country to ensure you sit on the right side of...
Our choice:Together, we decided to support our church and our town’s community center (which provides a free summer camp for kids, lunches for seniors, town dinners and festivals, scholarships for local kids, and more). We’re also deviating slightly from our otherwise hyper-local, hyper-...
scanner to a shoe box. Whatever is decided, the adjunct should stick to that system to contain all receipts, records of professional events or activities and possible expenses. Having a system in place helps the instructor maximize her chances of more deductions and reduces the potential for an...
5 Often-Overlooked Deductions Some of your everyday spending may be deductible if it has an associated business purpose. 1. Eligible Meal Expenses If you often have working lunches, you might be able to deduct 50% of those meal expenses.3 So when you meet with partners, employees, or busin...