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Add food bills to a daily log!

 
 
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24Hours
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PostPosted: Fri Sep 22, 2006 7:03 pm    Post subject: Add food bills to a daily log! Reply with quote

By me, here in America, the IRS doesn't like expensing meals so the general rule of thumb, if you want to play it safe for auditing, is to have a calendar book with daily pages and write down notes about the "meeting" with names and numbers and staple the receipt to it! Such good record-keeping is a prime defense against a negative audit.
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bluelight
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PostPosted: Mon Sep 25, 2006 5:04 pm    Post subject: Reply with quote

Notes and times and dates are good and receipts are even better...run into this in person during an IRS audit...even checks are not good without a receipt...Larry
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24Hours
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Joined: 11 Aug 2006
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PostPosted: Mon Sep 25, 2006 5:16 pm    Post subject: Reply with quote

The restaurant receipts people tend to have - it's the daily notes, names and purpose of meeting entries they almost never bother with!
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