Anyone have any suggestions for a speculative alternative investment expense? Looking to have a large expense to save money from the tax man. Thinking about the company purchasing Rolex’s or art and expensing it under speculative alternative investment. Anyone have any suggestions or experience doing this?
What do you think buying a Rolex achieves? It’s not a deductible expense for business (unless your in the watch business and then it becomes stock). You’ve provided no details about your business but I guess you are asking what expenses can you get away with? Investments would just create more profit and are an asset so wouldn’t lower the tax bill.