Can I deduct Starbucks as a business expense?
Answer: You cannot deduct your Starbucks, that is a personal expense. If you use your business bank account or credit card to purchase your drink, you’ll need to code it as a personal expense when completing your bookkeeping. If you provide Starbucks to a client, you can deduct this expense. If you deduct your client’s drink, be sure to keep track of the date, time, amount, and reason for the meeting.
Be Your Own CFO – The small business owners’ simple guide to bookkeeping and taxes.
If you’re looking for a little kickstart to get your finances in order, I’d love for you to join me and my small business friends over at Be Your Own CFO.
The Be Your Own CFO program includes access to a Certified Public Accountant and a membership site which includes short videos and beautiful, downloadable guides that will walk you through the main topics in each lesson. Each lesson will be released on a weekly basis to ensure that you don’t get overloaded with information, and you have time to review and ask questions before proceeding. We have a private Facebook group for check-ins, questions, and accountability!