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Commingling Funds: How to Address the Problem and Avoid It in the Future

inDinero Tax Tips

Indinero’s online bookkeeping services are here to help with this tedious task. Certain expenses are more likely to be flagged by the IRS: hotels, travel, meals, groceries, car payments, rent, cosmetics, clothes, and entertainment. Having an experienced tax expert on your side is best for this approach.

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9 eCommerce Tax Deductions for 2021

xendoo

Meals with clients can also be deducted from your taxes, though only when these meals also serve as business meetings. If you and a client decide to see a movie or sporting event, these entertainment costs will not count among your normal and necessary business expenses. VoIP or video conferencing services. Bank fees.

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