Instagram Public Photos with #smallbusiness

Who likes tax deductible food? 🙋‍♂🙋‍♂⁣

if you are a business owner, you want to make sure you are deducting all of your business meals.⁣

to refresh, a business meal includes: meals in your area of business with a business colleague, or meals by yourself when you travel out of town for business.⁣

but as i’ve said before, the key to making sure any deduction holds up in an audit is documentation.⁣

for meals specifically, there are five items you need on a receipt:⁣
1. the name of the restaurant ⁣
2. the date of the meal⁣
3. the amount you paid⁣
4. who you met with and their business relationship⁣
5. what business items you discussed⁣

the first three items are already on the receipt so you’re covered there.⁣

the last two, a best practice is to jot them down on the receipt right when you make a purchase and then snap a picture of that receipt so you have it!⁣

remember, you want to pay as little tax as possible and also have those deductions hold up if you get audited!⁣

so take the proper steps to document your meals!⁣

tag a business owner in the comments below! 👇⁣

𝐃𝐞𝐝𝐮𝐜𝐭 𝐲𝐨𝐮𝐫 𝐥𝐢𝐟𝐞𝐬𝐭𝐲𝐥𝐞 𝐚𝐧𝐝 𝐬𝐚𝐯𝐞 𝐭𝐨𝐧𝐬 𝐨𝐟 𝐦𝐨𝐧𝐞𝐲 𝐰𝐢𝐭𝐡 𝐦𝐲 𝐟𝐫𝐞𝐞 𝐞𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐯𝐢𝐝𝐞𝐨, 𝐥𝐢𝐧𝐤 𝐢𝐧 𝐛𝐢𝐨 💯

45 minutes ago comment 7 star 260

Imogene ring with dark diamond center in our velvet ring box! custom work, sold. pick your center diamond and this ring setting on our website. • .
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midwinter co.
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about us:
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mom and pop shop + a few friends, tiny business.
ethically sourced stones and metals.
recycled metals.
socially responsible.
10%+ profits to charity.
eco friendly small studio. .
#sociallyresponsible
#ethicallysourced #smallbusiness #charitable ..
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see more work with our unique diamonds:
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#midwintercocelestialdiamonds .
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#modernjewelry#modernbride#futureheirloom#uniqueengagementrings#engaged#rings#blackdiamondrings#saltandpepperdiamondrings#alternativebride#altweddings#saltandpepperdiamonds#diamondring#engagementring#customring#customengagementring#bridal#weddingring#graydiamonds#graydiamondring#rosegold#consciousconsumer

1 hour ago comment 11 star 791

The flash sale is only two days away! thursday, 7/18, 7pm cst. everything will be $25 or less, shipping included! just doing an inventory clean out before i move apartments. don’t miss out!

36 minutes ago comment 8 star 112

Tiny stickers make us happy ✨ tap to shop sticker sheets 🌈 #daisynatives

47 minutes ago comment 2 star 149
2 hours ago comment 11 star 124

If you’re in the market for a 90s troll planter, we’ve got one for you! now available in our etsy shop 🌿 nomadsnovelties.etsy.com

2 hours ago comment 8 star 405

Reselling tip of the week:
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accept that d**n offer
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as long an offer is reasonable, just accept it and move on
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not sure if the offer is “reasonable”?
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use sellhound.com or the sellhound app to look up similar sold listings
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our goal is to sell our items, not to store them 👍

2 hours ago comment 25 star 298