Ask an AI Accountant

A free tool by

Question
I'm a dog walker for Wag!. I also have a dog of my own. What if I use the same roll of plastic poop bags for my own dog's poop that I do for all of my Wag! clients' dogs? How do I accurately represent the business expenses on taxes?
AI accountant’s answer:
When deducting business expenses on your taxes, it's important to allocate costs accurately between personal and business use. In the case of shared items like plastic poop bags, you should try to estimate the percentage of usage for each purpose. To do this, you can track the number of bags used for your personal dog and for your Wag! clients separately. Once you have determined the usage split, you can calculate the percentage for each and allocate the cost of the plastic poop bags accordingly. For example, if you use a total of 1000 poop bags a year, and 300 are for your personal dog while 700 are for your Wag! clients, then the business use percentage would be 70% (700/1000). If the total cost of the bags was $50, then you could allocate $35 (70% of $50) as a business expense for your dog walking business. Remember to keep accurate records and receipts for all your business expenses, as they will be needed in case of an audit or when filing your taxes.
Comment from reviewer
Isaiah McCoy, CPA
Not Correct.
Icon check
Looks good

Keeper’s AI Accountant

This AI accountant is powered by GPT-4, but has up-to-date knowledge of tax law. It’s been trained on federal and state tax updates for 2023. With credentialed tax professionals fact-checking its responses, it applies IRS rules to real-world situations.

Find write-offs.
File taxes.

Keeper helps independent contractors and freelancers discover tax deductions and file taxes.

Get started

Ask an AI Accountant

A free tool by

Question
This is some text inside of a div block.
AI accountant’s answer:

What’s a Rich Text element?

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

How to customize formatting for each rich text

Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.

Comment from reviewer
This is some text inside of a div block.

What’s a Rich Text element?

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

How to customize formatting for each rich text

Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.

Not Correct.
Icon check
Looks good

Keeper’s AI Accountant

This AI accountant is powered by GPT-4, but has up-to-date knowledge of tax law. It’s been trained on federal and state tax updates for 2023. With credentialed tax professionals fact-checking its responses, it applies IRS rules to real-world situations.

Find write-offs.
File taxes.

Keeper helps independent contractors and freelancers discover tax deductions and file taxes.

Get started