I have a business tax question. I started a personal chef business at the start of this year. I do in-home meal prep and events. For events I charge by the head. I determine this cost based on how much I anticipate for groceries and labor and travel. All my fees are determined purely on speculation, which I know is a weird way to do it, but it works for me, haha.
My question is, if I am not directly having the client reimburse me for the groceries, would those groceries then be considered a business expense and be write-offable? (Definitely a word)
Let me know your thoughts!