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  1. NickfromWI

    Taxes: "Meals and Entertainment"

    That's the point. That's why I do it. I know in my heart it is a legitimate 100% full business expense. The concern for me is how to make sure it is reflected that way in the books. I talked to another tax guy around here and he said, "this is easy- just pay your guys more and have them buy...
  2. NickfromWI

    Taxes: "Meals and Entertainment"

    Nope :) love nick
  3. NickfromWI

    Taxes: "Meals and Entertainment"

    Perhaps it's worth revisiting that convo- but I think you might be exaggerating a hair. I don't want to give as much as possible- I want to give what is rightfully owed. In this case, I don't see how it counts as a 50% expense. love nick
  4. NickfromWI

    Taxes: "Meals and Entertainment"

    Interesting. I'd see the opposite way. With cash, there is no trail. If I categorize it as office expense, "the" could ask to see the receipts later and then be like, "so what office supplies are you getting at Guisados Tacos?" So I guess it boils down to "do you wanna lie or steal!" love...
  5. NickfromWI

    Taxes: "Meals and Entertainment"

    Exactly. Last year I ended up spending $2,803 on it. Meaning I paid tax on $1,400. That's a few HUNDRED that the IRS got and didsn't deserve. Just trying to get a guage on how y'all are handling (or would handle) such a situation.
  6. NickfromWI

    Taxes: "Meals and Entertainment"

    So last year my accountant learned me something very interesting. If I have an expense categorized as "Meals and Entertainment" I only get to claim 50% of that as a business expense. One of the fringe benefits I provide is often buying a nice lunch for the guys (it gets expensive some...
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