Don't let lazy record-keeping cost you deductions #shorts #businesstax

I know some of you have been told or think that, well, because it's not a corporation with bylaws and articles of incorporation, I'm not required to do minutes. Well, you guess what? You're not required to floss your teeth either. But don't you think 5 out of, you know, 4 out of 5 dentists recommend that you floss? Don't you think flossing is a good idea? Doing minutes is like the flossing in this equation because it's what makes all the difference. Doing the minutes every year, as I said, is a tax write-off. Having a corporate meeting, and even if you're by yourself, go to dinner, get yourself something real nice, go to the spa, write what's happened in the company for the last year. We actually have a service for a couple hundred dollars a year, literally, where we give you a questionnaire and you fill it out and it asks you questions that you should be answering that go into the corporate book.