Business Meals can be a deduction

Just to be clear: Dessert isn’t a financial necessity, just a personal recommendation! You’d be surprised how much this could save you at the end of the year.

If you are meeting with potential clients or working to promote your business there may be some possible meal deductions for your business. Be sure to clearly annotate and track who the meal was with and the purpose of the meal. Tracking these expenses can help lower your tax liability at the end of the year, which means you pay LESS TAXES. Proper bookkeeping can also track these expenses so you can properly budget and plan. Be sure to control this category as excessive spending on meals can cut into your profits for your business.

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