Your Clients Need the Business Expense Diary

The business expense diary is a handy place for clients to record income tax information during the year.  It provides a quick, substantiated list of travel expenses, and a constant reminder of your services throughout the year.  It will help you better organize your information at tax time, making figuring and filing your tax returns faster and easier.

		Business Expense Diaries
				8 ¾" x 11 ½"
		Qty Plain Imprinted 50 $60.00 $100.00 100 116.74 158.25 150 171.01 213.03 200 218.25 260.52 250 252.93 305.48 300 260.52 344.50 400 381.12 427.70 500 453.35 509.07 750 645.61 704.83 1000 753.03 812.97

Meal and Entertainment Deduction Reduced

Beginning after 1993, self-employed persons and employees who are not reimbursed, or who are reimbursed under a non-accountable plan, for meal and entertainment expenses will be able to deduct only 50 percent of those expenses.

Meal and entertainment expenses are deductible if the expenditures can be substantiated and are directly related to, or associated with, the taxpayer's business.  A meal or entertainment expenditure is directly related to a taxpayer's business if the taxpayer can show that there was some general expectation of deriving some income or specific benefit fomr the expenditure and that business was discussed or engaged in during the meal or entertainment.  A taxpayer can also show that the expenditure is directly related to the business if it is provided in a clear business setting where the guest may recognize the business motive of the taxpayer in incurring the expenditure.  A meal or entertainment is associated with a taxpayer's business if the meal or entertainment immediately precedes, or is followed by, a business discussion.

Taxpayers can now deduct only 50 percent for tax years after 1993 of their business-related meal and entertainment expenses incurred while: (1) traveling away from home on business (whether eating alone or with others), (2) entertaining business customers at the taxpayer's place of business or at a restaurant or other location, or (3) attending a business convention or a reception, business meeting, or business luncheon at a club.  This limit applies to employees or their employers and to self-employed persons, including independent contractors or their clients, depending on whether the expenses are reimbursed.

View and Print the Expense Diaries Order Form  - This order form may be filled in prior to printing using the keyboard, or may be filled in afterward by hand.  Please note that all signatures must be done by hand before the form is sent via mail or fax.