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In case your spouse uses your business credit card and buys other products, too, you may not be able to write the product off. If you’re the only proprietor of your business on paper, don’t allow anyone else make executive economic decisions for the company.
Every digital image, file, song and video clip should be carefully backed up to make sure that nothing happens to it. You need a backup service such as Carbonite to protect your electronic information from the many risks that await it. If you use a computer, you most likely have important files that you should backup. Usually computers contain priceless info and pictures that can never get replaced if lost or taken.
Anything you spend on company can be deducted, even foods! If you have to take a customer to lunch, be sure to deduct that cost as a company expense. Just be careful that these customers are paying or prospective clients, or you may not be able to obtain these deductions.
