Listen, I need the cost in the account to reduce my tax liability for 2023

I’m having my favourite burger for dinner, washing it down with a beer, and my friend says to me: Listen, I need to put my expenses on my bill, so I can reduce my tax liability for 2023. Those who are in business will know this… Apart from all the Christmas obligations, you are left with one outstanding task. If you ignore it, it will hurt you financially in 2024 😏 Yes, we are openly talking about tax optimization. And it’s in this hectic period that these brilliant ideas come to mind: 🔵Buy building blocks on Bazos. 🔴But you don’t build anything and you don’t even have a construction company. 🔵So I’ll go to the petrol station and ask for petrol receipts. 🔴You don’t own or lease any cars. 🔵I’ll at least get some receipts for some cars. 🔴I’m looking forward to the documentation ala Matovich with a mileage of 223,043 in one calendar year, which works out to about 620km a day. 😁 🔵So my friend will invoice me for some brokerage services on 31 December. 🔴You have to pay them by the end of the year for them to be a tax deductible expense. 🔵So I’ll buy a new telly and computer for the company. 🔴You know what, in December it’s not noticeable at all 😎 And somehow it could go on like this… What about it? 🙆‍♂️ Not every optimization is legal. It’s difficult for the layman to know when tax optimization has already encroached into the criminal arena. Therefore, it is necessary and desirable that tax optimization be analyzed and designed not only from a tax and accounting point of view, but also from a legal and practical one. What should my friend do? 🤷‍♂️ 1️⃣ Take an active interest in your company – ask your accountant for interim results during the year. 2️⃣ To get in touch about optimisation during the year and not in December. 3️⃣ Have the impact of the optimisation assessed from three perspectives – accounting, tax and law. So what? Tomorrow, December – the month of optimisation – starts for you “latecomers”. Are you/we looking forward to it? 🤗