YOU CAN’T DEDUCT THAT GOLF GAME But There Are Plenty of Other Ways to Make the Most of Your Taxes
the title of the book implies: hold onto more of your earnings. Discover how proactive tax-strategy planning will help you keep more of what’s yours. From there, you’ll get to use what you were paying in taxes to reach your financial goals. Get your copy of Jeff ’s tax-strategy book here: TheNewTaxLawAdvantageBook. com/offer-page25326725.
Sad news for anyone whose favorite part of the day is their business meeting on the green: The new tax bill eliminated your opportunity to deduct a golf game as a business expense. As writer Josh Sens shares in a Golf.com
deducted, there are many other expenses you can list. If you have paid for any business expenses personally (this includes your own business) and have not been reimbursed, it’s time to submit that expense report and get paid. HOLD YOUR ANNUAL MEETING Meeting minutes are an ideal place to document the activity in your tax strategy. All the items on this list should make their way into your annual meeting. Make the minutes of your annual meeting part of your year-end planning. Eager for more ways to maximize your deductions? Jeff ’s tax-strategy book, “Keep What’s Yours” helps you do exactly what
article, buried in the tax reform “is a provision that eliminates a 50% deduction for business- related entertainment expenses. It applies to a range of activities, including concerts, sporting events, and, yes, rounds of golf.” While dinner at the end of the course can still count, the rounds of golf do not. What’s a golf-loving business owner to do? Make the most of the other ways you can optimize your taxes. GET REIMBURSED FOR YOUR BUSINESS EXPENSES This is one of the best ways you can maximize your deductions and keep more of what’s yours. Even without golf getting
Adapted from a recipe by famed Southern chef Sean Brock, these skewers are seasoned in a Senegalese style and served alongside mustard-flavored onions. TAKE A BREAK SENEGALESE LAMB SKEWERS
Ingredients
Directions
For the lamb: • 2 lbs trimmed leg of lamb, cut into 1-inch cubes • 1 tbsp peanut oil, plus more for grilling • Salt and black pepper, to taste For the onions: • 1/2 cup distilled white vinegar
1. In a bowl, coat lamb with 1 tbsp oil and generously season with salt and pepper. 2. In a mixing bowl, whisk together vinegar, mustard, and agave nectar. Toss in onions and season with salt and pepper. 3. Heat a grill or grill pan to medium and oil the grates. 4. Thread lamb on skewers and grill for 6–8 minutes. 5. Serve alongside onions.
• 1/2 cup Dijon mustard • 1/2 tbsp agave nectar
• 1 yellow onion, thinly sliced • Salt and white pepper, to taste
Equipment • Bamboo skewers
Inspired by Food & Wine magazine
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