The End-Of-Year is coming up soon, and -- if you were fortunate enough to profit this year and, therefore, owe taxes next year -- that means it's time to spend, spend, spend!
What have you done in years past (or plan to do this year) to reduce your bottom line?
Some things we've done in years past:
- Supply it up - buy every conceivable office supply that you might need over the next year
- Swag - reorder the tchotchkes you might need to get and/or place a "phantom order" with your swag company to get credit for things you'll decide on later
- Restock Scotch Library - get back-up bottles of favoriets, etc
I'd love some more ideas; you're not supposed to deduct prepaid expenses... so, if you prepay your 2010 phone bill in 2009, you can only deduct it in 2010. But you can depreciate for the entire year of 2009 even if you buy on Dec 31st.
UPDATE Didn't mean to imply buying unecessary crap, or crap at all; just good ways to avoid paying 40%+ tax on things you might need or might help in 2010..