Three Tips for Maximizing the Meals Write-OffAccountant Mark Kohler offers advice for how you can make the most of this deduction without getting audited.
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Cometaxtime, every entrepreneur should be taking advantage of the meals and entertainment expense, according to accountant Mark Kohler. Here, he offers three tips for maximizing the write-off:
1. Find a business purpose for every dining and entertainment experience you have.
2. Keep track of expenses even when dining alone.
3. Have a system for scanning and organizing your receipts.
