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KingCarpetClean 
Newbie 
Joined: 14/August/2023 Status: Offline Points: 30 |
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 Topic: FreebiesPosted: 13/November/2023 at 9:32am |
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Your accountant is onto something here. If you record those giveaways on the bill as a part of the transaction, it can be considered a business expense or a promotional cost, potentially lowering your taxable income.
Many businesses do leverage this strategy, especially in service industries. It's mutually beneficial. You're offering a little extra value to your customers, and at the same time, you're playing the tax game smartly. Best Regards, KingCarpetClean  |
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cmaster
IICRC Instigator 
Joined: 29/January/2004 Location: Canada Status: Offline Points: 29693 |
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Posted: 22/November/2005 at 10:12pm |
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Losing some weight, are you?
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doug
King of the One Liners 
Just My opinion Joined: 31/January/2004 Status: Offline Points: 32711 |
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Posted: 22/November/2005 at 11:22am |
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I have been slowly getting smaller?
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Just My opinion
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cmaster
IICRC Instigator
Joined: 29/January/2004 Location: Canada Status: Offline Points: 29693 |
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Posted: 21/November/2005 at 10:07pm |
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Living large
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MR. STEAMER
True Patriot 
Only in the GTA Joined: 03/March/2004 Location: Canada Status: Offline Points: 14549 |
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Posted: 21/November/2005 at 9:33am |
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doug should know all about that... he's in the witness protection program
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www.mr-steamer.com
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cmaster
IICRC Instigator
Joined: 29/January/2004 Location: Canada Status: Offline Points: 29693 |
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Posted: 20/November/2005 at 10:45pm |
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I think that's what he means
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kelpro
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Joined: 30/October/2005 Location: Canada Status: Offline Points: 26 |
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Posted: 20/November/2005 at 8:25pm |
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You mean a "cell" don't you Doug?
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doug
King of the One Liners
Just My opinion Joined: 31/January/2004 Status: Offline Points: 32711 |
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Posted: 20/November/2005 at 6:59pm |
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Steamer will be sharing an office with his account
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Just My opinion
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cmaster
IICRC Instigator
Joined: 29/January/2004 Location: Canada Status: Offline Points: 29693 |
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Posted: 20/November/2005 at 4:54pm |
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doug
King of the One Liners
Just My opinion Joined: 31/January/2004 Status: Offline Points: 32711 |
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Posted: 20/November/2005 at 3:14pm |
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Microsoft JET Database Engine error '80004005'Could not use ''; file already in use. /forum/common.asp, line 260 Steamer will have to keep a third set of books now? |
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Just My opinion
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MR. STEAMER
True Patriot
Only in the GTA Joined: 03/March/2004 Location: Canada Status: Offline Points: 14549 |
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Posted: 20/November/2005 at 11:47am |
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legit bad debt
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www.mr-steamer.com
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doug
King of the One Liners
Just My opinion Joined: 31/January/2004 Status: Offline Points: 32711 |
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Posted: 19/November/2005 at 6:07pm |
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Steamer what you are saying at the end of the year you have $25,000. in bogus bad debts?? What do you want to do join your account? |
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Just My opinion
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MR. STEAMER
True Patriot
Only in the GTA Joined: 03/March/2004 Location: Canada Status: Offline Points: 14549 |
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Posted: 19/November/2005 at 5:12pm |
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hew wants to claim it as a loss... an unpaid item...I think for that very reason |
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www.mr-steamer.com
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carpetologist
The Great Hardini 
Hocus Pocus Joined: 20/January/2004 Location: Canada Status: Offline Points: 1712 |
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Posted: 19/November/2005 at 5:09pm |
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Steamer, My freebie experience came when I was audited. I could give away anything I liked free but the government wants the tax portion that would have been charged. |
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