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There's almost an unhealthy incentive to blow money rather than make any profit, isn't there? Before I folded my little company, I'd routinely buy shit that I
by mrkurt 18y ago
There's almost an unhealthy incentive to blow money rather than make any profit, isn't there? Before I folded my little company, I'd routinely buy shit that I really didn't need since I could justify it as a business expense. Oh well.
- fallentimes 18y agoI highly encourage people to expense things they'd have to pay for anyway (e.g. health club memberships, cell phones, parking passes, subway cards, etc). Just make sure you talk to your accountant first.
- vaksel 18y agothe incentive is not for you to "blow" money...the incentive is there for you to invest back into your business, grow and expand.
- fallentimes 18y agoThat money (cash reserves) is taxed as well - unless you spend it within the designated fiscal year or quarter.