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Downvoting usually means people don't understand your comment or don't like it, so I wouldn't lose any sleep over it. I do the same with one caveat: my tax adv
by dvfjsdhgfv 5y ago
Downvoting usually means people don't understand your comment or don't like it, so I wouldn't lose any sleep over it.
I do the same with one caveat: my tax advisor always reminds me to document not only expenses, but also make sure there is some income, preferably each year, to avoid any problems from the IRS.
- gus_massa 5y agoI agree. It looks like a joke, but I'm happy the GP has found a nice way to mix fun and work. A link to a gallery of the painting would have made clear it's not a joke. @GP: Can you post one? Perhaps you can get a few new fans.
- deleted 5y ago[deleted]
- deleted 5y ago[deleted]
- ghaff 5y agoAnd it's probably not worth it to show losses as opposed to a small profit. In the latter case you can probably cruise under the radar so long as you're not trying to deduct anything unreasonable in the context of the business. (A computer or office chair for a small software business is probably reasonable; a car is not.)
- koheripbal 5y agoWe've been doing this for year and deduct tons of personal expenses from our business. We're small enough that the IRS doesn't care. I laughed when she asked if she should put her breast implants on the company card. Even I knew that was going too far :)