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Taxes 101: How to Maximize Your Dining Write-Off Many small business owners don't take full advantage of this deduction. Check out this video for more information on maximizing your write-offs and saving taxes.

By Mark J. Kohler

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

Dining expenses are one of an entrepreneur's best write-offs. Don't be too conservative. If you have a meeting in conjunction with dining that is even remotely related to your business, capture the expense, keep the receipt and take the write-off. This even includes dining by yourself if you are traveling.

In this video, I provide a quick summary of everything you need to know about maximizing your dining write-off. For more, visit www.markjkohler.com.

Related:

Tips for Writeoffs, Obamacare and Keeping the Tax Man at Bay

Shaquille O'Neal on What Inspires His Business Decisions

Mark J. Kohler

Entrepreneur Leadership Network® VIP

Author, Attorney and CPA

Mark Kohler, M.PR.A., C.P.A., J.D., is a highly respected Founding and Senior Partner at KKOS Lawyers, specializing in tax, legal, wealth, estate, and asset protection planning. With a reputation as a YouTube personality, best-selling author, and national speaker, Kohler is dedicated to guiding clients through complex legal and financial landscapes to achieve their American Dream. He also serves as the co-founder and Board Member of the Directed IRA Trust Company and has launched the Main Street Certified Tax Advisor Program to train CPAs and Enrolled Agents nationwide. As the co-host of The Main Street Business Podcast and The Directed IRA Podcast, he simplifies intricate topics like legal and tax strategy, asset protection, retirement, investing, and wealth growth. Mark Kohler's commitment to helping entrepreneurs and small business owners attain success and financial security has made him a trusted expert in the field, benefiting countless individuals and businesses in navigating the financial and business world with confidence.

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