[Verse 1]
When you claim that business expense
You better have your evidence
Receipts and logs from day one
Keep them current, get it done
Real-time records tell the tale
When the tax man checks your trail
[Chorus]
Six shields standing strong and true
Here's what protects you
Contemporaneous, formal deals
Market rates and consistent feels
Reasonable math, professional touch
These six will save you oh so much
[Verse 2]
Corporate rentals need their papers
Formal contracts are lifesavers
When you rent from your own company
Document it officially
Handshake deals will fall apart
Written agreements are the art
[Chorus]
Six shields standing strong and true
Here's what protects you
Contemporaneous, formal deals
Market rates and consistent feels
Reasonable math, professional touch
These six will save you oh so much
[Verse 3]
Related parties, watch the price
Market benchmarks roll the dice
What would strangers really pay
Use that number, that's the way
Family rates don't make the grade
Fair market value must be made
[Bridge]
Year to year, be consistent
Don't be tax treatment resistant
Same approach for similar things
That's the safety that it brings
Calculations should make sense
Reasonable is your defense
[Chorus]
Six shields standing strong and true
Here's what protects you
Contemporaneous, formal deals
Market rates and consistent feels
Reasonable math, professional touch
These six will save you oh so much
[Verse 4]
Get a pro to do your taxes
Knowledge gaps, that's what relaxes
Revenue's scrutiny away
Let the experts earn their pay
When your shield wall stands complete
Audit fears you will defeat
[Outro]
Real-time records, formal papers
Market rates are audit savers
Stay consistent, keep it real
Professional help seals the deal