Sentences with phrase «as legitimate business expenses»

Both Espada and his son also face a separate criminal tax fraud trial in Manhattan federal court on charges that they deliberately misstated their income, filed false returns and intentionally mislabeled personal expenditures utilizing corporate funds as legitimate business expenses.

Those payments, unlike direct salary, don't have to be reported on your personal tax forms as wages, as long as they qualified as legitimate business expenses, and remained under the IRS's per diem cap rules.

FD: You face a potential problem if the government refuses to allow companies to write off the purchase of sports tickets as a legitimate business expense.

The money was allocated by Espada's janitorial firm and classified as a legitimate business expense, the feds say.

I do not think that your meals would be deductible as a legitimate business expense.

Not exact matches

Qualified expenses for legitimate working animals «like a junkyard dog or a guard dog» can be deductible as a business expense, Steber said.

HMRC will record this as an unreimbursed business expense albeit in fact it simply reflects the employee's legitimate claim for tax relief on the expense he or she has incurred.

Every accountant has horror stories about businesses that got careless about records for legitimate expenses such as website or cloud services, or claiming undocumented expenses.

I have a legitimate rental property business and even have a business banking account, however I am hesitant to get a business credit card as I do not have any expenses that I can pay with a credit card.