Can I Expense That? Should I? - Business By The Numbers

<p>This week Hunt covers a listener request regarding grey-area expenses that can be deducted by your business, but should they always be?</p><p>• What does the IRS look at on my expenses if I was ever to be audited?</p><p>• How does satisfying the requirement of "ordinary and necessary" expenses for my business shift my possible deductions?</p><p>• How am I taxed if I buy a personal asset from myself for my business?</p><p>• What are some downfalls to going overboard in writing off expenses in my business that affect me in the short term and long term?</p><p><strong>Thanks to our sponsor partner NAPA TRACS</strong></p><p><a href="NAPATRACS.com" rel="noopener noreferrer" target="_blank"><strong>NAPATRACS.com</strong></a></p><p><br></p><p>Paar Melis and Associates – Accountants Specializing in Automotive Repair</p><p>Visit us Online : <a href="http://www.paarmelis.com/" rel="noopener noreferrer" target="_blank">www.paarmelis.com</a></p><p>Email Hunt: <a href="mailto:podcast@paarmelis.com" rel="noopener noreferrer" target="_blank">podcast@paarmelis.com</a></p><p>Get a copy of my Book :<a href="https://paarmelis.com/your-perfect-shop-book-download/" rel="noopener noreferrer" target="_blank"> Download Here</a></p>