Three Tips for Maximizing the Meals Write-Off Accountant Mark Kohler offers advice for how you can make the most of this deduction without getting audited.

By Mark J. Kohler

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Come tax time, every entrepreneur should be taking advantage of the meals and entertainment expense, according to accountant Mark Kohler. Here, he offers three tips for maximizing the write-off:

1. Find a business purpose for every dining and entertainment experience you have.
2. Keep track of expenses even when dining alone.
3. Have a system for scanning and organizing your receipts.

Mark J. Kohler

Entrepreneur Leadership Network® VIP

Author, Attorney and CPA

Mark J. Kohler is a CPA, attorney, co-host of the podcasts Main Street Business and Directed IRA Podcast and a senior partner at both the law firm KKOS Lawyers and the accounting firm K&E CPAs. He is also a co-founder of Directed IRA Trust Company. He is the author of The Tax and Legal Playbook, 2nd Edition and The Business Owner's Guide to Financial Freedom.

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