2006-12-18 13:11:40 · 3 answers · asked by dngrcr 1 in Business & Finance ➔ Small Business
Yes. Get yourself an accountant who is up on the current laws. Someone that will not only do your end of year book keeping but will also represent you should you ever get called in for an audit.
2006-12-18 13:21:27 · answer #1 · answered by Doc 7 · 0⤊ 0⤋
Generally speaking, "Reasonable and necessary" Those are the IRS words for business expenses. Also, keep a calendar where you were, who you were with, what you talked about, and how much you spent that day.
If you want to get exact wording go to IRS.gov and search under forms and publications for Business Expenses or Business deductions.
2006-12-19 08:43:06 · answer #2 · answered by hirebookkeeper 6 · 0⤊ 0⤋
anything business related.
trips, office supplies, advertising, purchases, entertaining clients.
2006-12-18 21:21:14 · answer #3 · answered by professorminh 4 · 0⤊ 0⤋