My husband and I, have an in-home businesses and I am looking to make sure I don’t cheat myself out of any tax benefits. Therefore, I pose this question. Since, I am technically buying the groceries to feed employees of "our" business. And during these meals we often talk about business strategies and planning. SO for tax purposes am I allowed to use the groceries purchased as a business expense.
Uh, no, you can’t.
If your business was day care, you could deduct the groceries you fed to the kids attending the daycare for snacks or meals that you serve them.