by Sheriff Raff -Answerhag on November 1st, 2009

Sheriff Raff  -Answerhag

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Do people that have a small business eat meals out a lot because it is an expense they can write off?

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Answers. 3 helpful answers below.

  • by Runs with scissors on November 11th, 2009

    Runs with scissors

    Yes,I write mine off,when I remember to save the receipts.

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  • by Sherri on November 2nd, 2009

    Sherri

    Being self-employed does NOT mean you can automatically write off your meals! Meals must be business related and closely associated with business. Example, I'm trying to get a company to let me do their payroll, so I take out the owner and his wife; we talk about the payroll prospect during dinner. OR the owner and I have a meeting prior to dinner. BUT everything must be documented in the event of an audit: who, what, when, where, why. And if there is not a business reason, the meal will be disallowed. If allowed, it's 50% of the cost, so you are still not writing off all of the meal cost!

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  • by catydid on November 2nd, 2009

    catydid

    In my experience it's usually because a small business owner puts in so much extra time trying to stay afloat that they are just to tired to cook. Deductions are good but a small business needs so much more personal time that you don't always have a choice. Take away is sometimes the only option after a long day.

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