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great deductions

 
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albisweet098



Joined: 21 Aug 2013
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PostPosted: Wed Aug 21, 2013 5:43 am    Post subject: great deductions Reply with quote

Another interesting way to save on your taxes, that can be fun as well as rewarding to you and your business, is to deduct entertainment expenses. Entertainment expenses are great deductions to add to your taxes and can save you money, however there are some important guidelines to consider when including them on your return. In order to qualify, business must be discussed before, during, or after any meal deducted. The surroundings must be conducive to business discussion. For instance, a small or quiet restaurant would be an ideal location for a business dinner. Be careful of locations that include ongoing floor shows or other distracting events that inhibit business discussions. Prime distractions are theater locations, ski trips, golf courses, sports events, and hunting trips.
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roshanswift104



Joined: 02 Sep 2013
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PostPosted: Mon Sep 02, 2013 5:27 am    Post subject: Reply with quote

Yes, believe it or not, working with family members is NOT always the kiss of death. In fact for the freelance world or small businesses person, it's a great tax deduction and a great way to get your kids away from their Ipods, IMs, DS's and other distractions. This deduction is pretty specific to certain kinds of businesses, so before you make a honey-do list for your son or daughter, make sure to run it by your accountant so you don't run into any complications. If you ARE in the right kind of business to take advantage of this, however, it is a GREAT way to lower your taxable income.
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haju9563



Joined: 02 Sep 2013
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PostPosted: Mon Sep 02, 2013 6:09 am    Post subject: Reply with quote

Yes, believe it or not, working with family members is NOT always the kiss of death. In fact for the freelance world or small businesses person, it's a great tax deduction and a great way to get your kids away from their Ipods, IMs, DS's and other distractions. This deduction is pretty specific to certain kinds of businesses, so before you make a honey-do list for your son or daughter, make sure to run it by your accountant so you don't run into any complications. If you ARE in the right kind of business to take advantage of this, however, it is a GREAT way to lower your taxable income.
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maranthimocova



Joined: 03 Sep 2013
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PostPosted: Tue Sep 03, 2013 7:16 am    Post subject: Reply with quote

Entertainment expenses are great deductions to add to your taxes and can save you money, however there are some important guidelines to consider when including them on your return. In order to qualify, business must be discussed before, during, or after any meal deducted. The surroundings must be conducive to business discussion. For instance, a small or quiet restaurant would be an ideal location for a business dinner. Be careful of locations that include ongoing floor shows or other distracting events that inhibit business discussions. Prime distractions are theater locations, ski trips, golf courses, sports events, and hunting trips.
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jeyanlr6521



Joined: 12 Sep 2013
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PostPosted: Thu Sep 12, 2013 6:55 am    Post subject: Reply with quote

Yes, believe it or not, working with family members is NOT always the kiss of death. In fact for the freelance world or small businesses person, it's a great tax deduction and a great way to get your kids away from their Ipods, IMs, DS's and other distractions. This deduction is pretty specific to certain kinds of businesses, so before you make a honey-do list for your son or daughter, make sure to run it by your accountant so you don't run into any complications. If you ARE in the right kind of business to take advantage of this, however, it is a GREAT way to lower your taxable income.
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