Business Expenses - Taxes 2015
Hello, not sure if there's already a thread started. I'm currently getting my books in order and I have a few questions for the tax and accountant experts on RFD. I would go ahead and ask my accountant but I enjoy the diversity of answers on here. I'm still new to what constitutes as being a business expense and there's a tonne of gray area that I need resolved. (a very random list, please excuse my incompetence on some items)
- annual credit card fees
- monthly dues for having a business account with my financial institution
- vacations (maybe partially if I need to research for a product or recipe?)
- do excursions during vacations count as entertainment?
- travel insurance
- personal insurance
- tools to fix my office
- materials to fix my office
- gifts for my clients (including chocolate, alcohol, thank you cards, flowers etc.)
- tv channels (clients get to watch tv in the waiting area :facepalm
- headphones (so i can focus on my work without disturbing others :facepalm