My beautiful wife’s birthday is today and she asked me this week if we could have a BBQ with a “few” friends. Of course we can was my response.
The total BBQ attendance is currently at twenty!! Now I like a party as much as anyone else, but the expectation of a few friends turned into a reality of needing zoning permits and safety postings – you know safety postings: “Grill is Hot”, “Watch your Step”, “She is NOT 18”.
I will be leaving the office early today so that I can shop a little more and get the backyard ready to accommodate the guests – really nice people taken one at a time!
As it turns out, most of the guests are very close friends or relatives and in addition, they are mostly clients. So I do have a planning opportunity here. I am very familiar with the tax code and know exactly how to work this out to my advantage.
When they arrive, I can have them sign in while telling them it is Birthday card for Stephanie. Attendance is important when shooting for a tax deduction.
After that, I can show them a Power Point Presentation on the new Tax Laws – while sprinkling in a photo or two of my wife and kids. And finally, I can send them all an invoice for the time I spent preparing for this “tax meeting.”
So I decided to run this by a friend of mine at the IRS just to be on solid ground; I’ve been informed they are auditing me right away.
My advice to you – let the social side of your life stay just that.
Thanks for listening and I will talk at you next week.