![]() “Tax law” is a phrase that starts off bad and gets worse. If you have any questions, I’d recommend you consult with a tax professional. Also, if you live somewhere with $1 coffee, I’d love to know about it, since I may well want to move. There’s truly no business expense too small to count-even if it’s a $1 coffee. It's easy to overlook small expenses, but many small numbers added together creates a big number (I was a math major). And these $7 cups of Joe add up over time. I don’t even like cold brew-it’s just hard for me to wake up without instantly setting $7 on fire (I live on the Isle of Manhattan). I keep it all in one Google GOOG spreadsheet to add together to my business credit card statements at tax time. Sometimes, I pay in cash, which I love, because it lets me feel like I’m a character in a Jane Austen novel! However, even when using cash, I try to write down what I bought and whether it’s a business or personal expense. I use separate credit cards for personal and business expenses, but sometimes, it’s not as easy as remembering which card to swipe. For me, I needed to open one when I created my LLC, but you can open one regardless of the type of business you have. One way to make your record-keeping easier is to have a business bank account. This is best done as you spend the money, rather than via keeping a shoebox of old receipts as my mother used to do. ![]() Unfortunately, the only way to ensure you have an accurate record is to truly track every expense all year long. ![]() This can result in lost deductions if you spent money you didn’t track. Just eating and groceries is not a deductible expense.” Poor Record KeepingĪnother big mistake is failing to keep accurate records of your business expenses. Fifty percent of meals are those in the home area where you take a client or potential client out for a meal. “The major error people make is categorizing meals as 50% vs. If you struggle with this, you’re not alone-there are items for which they’re sometimes a business expense, sometimes not. Is this expense necessary for the operation of my business? In the case of my 24-ounce cold brew DING DING DING YES!.What’s the purpose of this expense? If it’s primarily for business purposes, then it is likely a business expense (get this one tattooed to your arm, because it’s really easy to forget).“We’ll mail back your things (but we would never let you walk home alone) UPS notably partnered with Swift on the release of her 2017 album Reputation (remember those huge mail trucks plastered with Swift’s face?). ![]() “This one’s on us, Dionne,” the mail carrier’s Twitter account wrote. Shortly after Warwick tweeted, UPS responded and offered to help out. Box it up and I will pay the cost of postage, Jake.” “If that young man has Taylor’s scarf he should return it,” she wrote. She even offered to speed up the process by paying for the postage to mail the scarf. Taking to her iconic Twitter account, Warwick initially referred to Gyllenhaal as “that young man” before making it very clear who she was referring to. 15, Warwick demanded that actor Jake Gyllenhaal, who is rumored to be the ex from the song, needs to return Swift’s scarf to her ASAP. After being reminded of this on the new 10-minute version of “All Too Well” from Red (Taylor’s Version), legendary singer-songwriter Dionne Warwick has decided this saga has gone on for too long. Nine years after originally releasing “All Too Well,” Taylor Swift still hasn’t seen the infamous scarf that was left at her ex’s sister’s house.
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