Write Off Those Expenses For Business Lunches & Dinners
Posted by Sandy Miller on Wed, Apr 02, 2008 @ 10:14 AM
Do you love to go out for lunch or dinner? I do and I'm a real "foodie". Open a new restaurant and I'm there. Even if you're just thinking about starting a new company, you can invite a guest to lunch or dinner and write off the expense on your taxes. There are some things that you need to do. Keep a record of the date, attendees, restaurant, cost and the things that were discussed. Then it is perfectly legal to write off the expense.
As always, consult with your tax professional to make sure there aren't any other restrictions. And, of course, once you are in full operation, you'll want to continue to grow relationships with suppliers and clients-and you also have the ability to write off those meal expenses.
Sandy 775 882-4764 agents@nevada.org
Resident Agents of Nevada, Inc. http://www.nevada.org/