If you attend a Biznik event where you live and buy drinks or a meal for yourself and/or anyone else, don't forget to write it down so you can deduct 50% of it per IRS regulations

Well said Keith... and it was nice meeting you last night at Sierra's Happy Hour meeting.

I keep track of the mileage in my dayrunner - calculating the mileage to and from Seattle, where I also record the who, where, what, and when.

I save the reciepts to a "reimbursement" folder at the office. When it's reimbursed, via my one-write system which includes a disbursing journal (with a column labeled "meals") - the reciept (and a bunch of others stapled to a voucher) will end up in a folder labeled "Meals ECC 2007." (ECC is Everett Chiropractic Center because I have two Schedule C businesses.)

These are the essential elements of my documentation and recordkeeping system. I haven't found a software system yet that I like better, but we can talk about that the next time we see each other: I have stories about many failed efforts and much money outgoing - all of which was properly deducted:-)

DD

Thank you for the reminder. I guess are Biznik dues are definitely tax deductable.

I'm learning how to keep track of my expenses better.

Thanks for the great reminders and the plug for BizJam, Keith!

Keith is one of our awesome volunteers - come meet him in person.

www.seattlebizjam.com.

Seattle's first all-day/all-night indie biz conference on June 9.

;)