senorfartman
Well-Known Member
- Joined
- Dec 17, 2007
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I own a small sports contracting company that provides tech services for ESPN. This is the off season and to bide my time until the season begins again, I've started home brewing.
It is a pretty expensive hobby with the startup costs so I tried to figure out how to make this tax deductible. Owning a company does offer me a lot of leeway in terms of deductions but when I talked to my CPA she said it probably wouldn't work stating she didn't believe that I was going to open a brewery (probably true )
I thought about it and the idea of taking business cards and putting them on my home brews to give out at holiday parties came to me. She still seemed wary of the idea but it sounds legit to me. Plus it's a great way to get people to remember the business card because you gave them beer with it.
Either way I'm going to go through with it. If the IRS stops me I'll let you guys know.
It is a pretty expensive hobby with the startup costs so I tried to figure out how to make this tax deductible. Owning a company does offer me a lot of leeway in terms of deductions but when I talked to my CPA she said it probably wouldn't work stating she didn't believe that I was going to open a brewery (probably true )
I thought about it and the idea of taking business cards and putting them on my home brews to give out at holiday parties came to me. She still seemed wary of the idea but it sounds legit to me. Plus it's a great way to get people to remember the business card because you gave them beer with it.
Either way I'm going to go through with it. If the IRS stops me I'll let you guys know.