Re: [Everything doTERRA] tracking business costs

Pat,

I just wanted to clarify that  the oils purchased and used for both personal and sample use can be written off.  Would that be in the Miscellaneous Expenses of the Schedule C form?  I'm new to doTERRA as of last July and want to be sure I get back a good majority of what I've spent, as I didn't make a profit in 2012.  Any insights you have on this subject would be wonderful!  Thanks.

Rene'

On Monday, March 26, 2012 7:57:19 PM UTC-6, Patricia Leavitt wrote:

I put all my oil inventory under samples and write them off that way.

Pat

On Mon, Mar 26, 2012 at 9:04 AM, Cathy <cathys...@gmail.com> wrote:

Hi there!  This is a question for those of you who do doTerra as a
business.  I am a fairly new IPC.  I have run small businesses in the
past and have a good idea of which expenses/receipts to keep track of
for tax purposes.  However,  I'm having a hard time figuring out how
to keep track of my expenses associated with handing out samples.
Obviously, I keep receipts for any sample bottles/labels, but at this
point, I'm giving samples out of my own personal oils.  Any
suggestions on keeping track of the cost of oils being given out as
samples versus the oils you are buying for personal use?  Thanks!

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PAT LEAVITT
FOUNDING DIAMOND CONSULTANT

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