In the morning, put peeled, quartered potatoes in a pot of cold water and refrigerate; when itâs time for dinner, just put the pot on the stovetop and fire it up! â Donât keep shredded potatoes in water.
Definition. Costs which occur on an irregular basis, rather than monthly. Examples of periodic expenses may include quarterly insurance premiums, school taxes, or automobile maintenance costs.efinition. Costs which occur on an irregular basis, rather than monthly. Examples of periodic expenses may include quarterly insurance premiums, school taxes, or automobile maintenance costs.
The expense must be ordinary. The expense must be necessary. It must be an expense as opposed to a capital expenditure. The expense has to be paid or incurred during the taxable year. The expense has to be in carrying on the activity. The activity has to be a trade or business activity the part for.