Larry, One of the things I want to discuss is that we do laundry at our home for the spa. Is this deductible? Thanks!
Actually, the cost of doing laundry at home is deductible. What we normally recommend is to go to the laundry mat and find out how much it costs to wash and dry a load of laundry, along with the cost of the detergent. Then, we recommend that you keep track of how many loads you do for the salon. Take the number of loads times the cost at the laundry mat and there's your deductible amount. Then you can use this as a monthly amount to be reimbursed back for.
Don't forget...Documentation! Documentation! Documentation!
I hope this helps. Let me know if you have any other questions.
Larry Kopsa CPA
