Deducting expenses as both business owner and employee
I'm both business owner and employee working for my company, friend of mine doing same job spends money on tank washes and then he ends up deducting those as an employee AND then his company (which he owns) gets to deduct those. Now logic tells me that's not OK, but i'd like to know that for sure.
Also would it be better if I had them under my employee expenses or throw them under company? We're an LLC, so I just want to know what's the better outcome here. Some months we're talking a lot of money spent on washouts.
Thank you so much for help
Is this a worthwhile discussion?