New Tax Laws Begin

It is 2023 and as you would guess, tax laws have been revamped regarding what can be written off for small businesses. The changes have made things possible to write off what seem ridiculous. Below is tax code 800082 that is active for 2023:

• If you buy lidocaine and spray it on your lips….you can write that off
• If you have a horrible itch and are willing to buy poison ivy from any major drug retailer…willing to rub it in the spot that already itches…you can write that off
• If you carve the word WORDL with a knife on your chest and bleed like crazy…..you can write off gauze pads
• If your wife steals all of your money…take a loss and write it off….in this case you can write it off twice
• If your kid barfs on the couch write it off…..why? We have no idea, just write it off

We will continue to update small businesses as MPL learns more about the impact of this new tax legislation.