For those freelancers, can we still write off meals out off our taxes as an entertainment expense? Not making much in the past, I’ve been overly liberal with the interpretation. Now that I’ve returned to freelance a couple people told me it “no longer works like that”, but had others dispute that. Was I dumb to save all nut restaurant receipts?

like
Posting as :
works at
You are currently posting as works at

Not dumb. As a freelancer, if you have an S-Corp or LLC, you can write off a lot more items than as an individual. Helps to have 1099 employment. If you were W2, not so much. But I have an accountant who looks after me. Wink Wink.

likehelpful

i just put all meals on a biz credit card and my accountant writes off the max he thinks we can get away with.

like

This.

You can write a ton of things off if you’re on 1099 and filing a schedule C sole proprietor, but these days most agencies pay by W-2, which means you can barely write anything off, including meals.

helpful

Related Posts

Have been offered 07B grade in ibm..
Wat will be the roles and responsibilities.?
Stack : Oracle ERP
YOE : 7.5

like

Hi folks,
Need ur suggestion!
I am havng 2.7 yoe and working in project in ibm past 2 months. I am facing difficulties in settling in this project. As it’s early stage of my career I need to learn and then implement but because of that I am daily facing pressure and I am daily worried abt my work . How to overcome this pressure? Sometimes I feel to take release but on other hand I think I need to face and learn !
Plz help

like

I recently got an offer from IBM consulting. My joining location is Dlf it park, Ramapuram. Are there any other offices for IBM in Chennai?

Does ibm provide bus or cab facilities? I am currently staying in kelambakkam which is very far. How are the work from home options?

like

Hi guys 👋🏻
So I joined IBM 5 months back, was on bench for this long and got project just a week back.

My PSP and People Manager have been kind of lenient, cooperative and kind to me because I was never told I will be put in PIP, I have to enter project not matching my skillset etc etc.

Is it wise to appreciate both of them via blue points for their support?

I just got a mail saying I have 200 bluepoints to send out appreciations if I feel like.

like

Up 75% on UVXY puts expiring 7/26...sell or is it going to continue to go down?

Start raising cash family. Take some profits. 4/14 3:51 est

like

5/4 Thread (General):

like

Hi all,
There are 3 roles in google where my minimum qualification is matching along with preferred qualifications.

Kindly provide a referral to apply for the same.
Thank you

like

Recently I’ve been in the enviable position of receiving several job offers from other firms and attorneys. I am currently employed and very happy at my current firm. What is the best way to politely decline these offers, both those made via phone and email, without burning any bridges?

like

I’m looking to get into Tech Sales and would love to connect with a fellow sales savvy for tips on how to crush my interviews but also perfect my resume. I’m coming from a fintech background

like

“You know, women, they like yoga.” 🤭🤯 Thank you. I had no idea.

likefunny

I’m searching for a full time Sr Level Agency Producer in Raleigh. If you have any recos, please send them my way!

like

I know the pay at Jackson Lewis is subpar, but is anyone at JL and happy there? I understand this is also probably office specific but am curious about culture and vibe.

like

Has anyone here gotten a job through FB or, if you’re a hiring atty, recruited a good candidate?

like

Can someone please brief about the health insurance scheme Cognizant provides for its employees and dependants? How much do we need to pay to upgrade it and what are the highest sum assured that is provided?
Cognizant

like

Have you ever hired a freelancer to make some memes for your community? I was thinking of trying this to get some new members.

like

How important are snapshots in pwc and how to handle them

If anyone needs a referral to KPMG, please DM me!

helpful

Has anyone applied to SEC NY office recently? I did so a few months ago and got silence except a couple of emails last month saying my application was finally referred to a human hiring manager

like

Looking to buy a house (200-300k) in Houston to rent out even though I live in ATL. Trying to get my foot in the grow city.

likeuplifting

Additional Posts in WFH Freelancers

like

Time to update the website. Squarespace? Any other recommendations or tips? Thanks!

like

Has anyone worked at WebMD before as a contractor?

like

My accounting edge finance is not compatible with the new Mac OS. I do not need the $15/month subscription they offering as an upgrade since I’m a lone freelancer. I’ve always kept my own books and did my own taxes. Anyone else out there with a basic bookkeeping program recommendation for Mac would be appreciated.

like

How has anybody had luck with getting freelance account gigs? Been silent in LA

like

I’ve been a freelance print production designer for many years, and usually on-site in the before times. Now I work remote, and am finding it uneasy dealing with billing. Before I always billed hourly, which made sense, but it’s becoming an issue now. Some companies don’t have a full days’ work, so it seems wrong to bill full days, and it allows me to juggle projects for different companies, but my billable hours are down. I know I should bill a daily rate, but not sure that will fly. Thoughts?

any freelance Sr, ACD or CD ads looking for a cw partner in Chicago? Would love to have a few ads if I come across FL team needs.

Have you ever asked a FT gig if you could freelance instead of going FT either to test out the agency/team or to wait out a better offer?

Any insights are appreciated.

like

Is freelancing as a Photographer and Retoucher possible in LA or SF? Is anyone making that happen for themselves?

Recently got a contract job at Facebook NY. I’ve mostly only been a FTE for the entirety of my career, so a bit nervous as I want to eventually be offered FT but feeling a lot of pressure to perform for the next 5 months to prove my worth. At some point it will surely get exhausting. Any tips for how to deal with this? Also curious to know what a mid-level PM normally gets paid as a freelancer?

like

2021 FREELANCE RATE THREAD. Let’s share to see how 2021 budgets seem to be. I’ll start, Associate design director, $1200/day

like

Hello everyone,
I'm fairly new to all of this, and I'm looking to get a little experience in the industry.
Any suggestions on where to look to find some remote work?

Any account people successfully make the switch to freelance? How do you find the gigs?

like

I recently raised my rates after being told I wasn’t charging enough on here. Both of my main clients have already responded saying they either can’t pay me my new rate ($125/hour with 15 years experience) or are interested in “talking further.” So naturally I’m starting to freak out a little bit. I’m still pretty new to freelancing full time. What do I do/say? Do I hold my ground and hope for clients that pay me what I’m worth? Or lower my rates/standards and hope I can make ends meet! Help!

likehelpful

A former coworker wants to trade work: a logo design for her consulting co. in exchange for networking help. What’s your reaction? (We are both starting our own biz.)

Question: what’s best practice for LinkedIn? Listing all the agencies you’ve freelanced at in your description, or having each stint in your job history?

Is your hourly rate based on a 40 hour or 50 hour work week? I ‘d like to make my day rate at 40 hours, but wasn’t sure if that was standard. Thanks in advance for any guidance.

Hi... I am T2 consulting manager based in London. Urgently need of a paid work. Can someone connect me to some recruiter/agencies for freelancing etc ?

like

How’s the freelance market in SF right now?

Looking for a freelancer in a New York or LA to join our team of creative sales representatives for the photo/film industry. Any recommendations of where i could post more about the position?

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal