Be at the pains of putting down every single item of expenditure whatsoever every day which could possibly be twisted into a professional expense and remember to lump in all the doubtfulls.
About this quote
- What does it mean?
- Advice to record every daily expense and claim doubtful items as professional costs.
- In plain terms
- Write down all daily expenses and group questionable ones together for work.
- What can you take from it?
- Careful tracking helps maximize business expense claims.
Where it applies
Putting it to work
Questions to consider
- How detailed should expense tracking be?
- Where is the line between saving money and cheating?
Another view
The advice encourages aggressive tax strategies that may be unethical.
More from Hilaire Belloc
Any subject can be made interesting, and therefore any subject can be made boring.
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Permalink to quote #37 An institute run with such knavish imbecility that if it were not the work of God it would not last a fortnight.
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