Business Expenses to Claim

What we Can and Cannot claim Business operators regularly make decisions on business expenses based on false assumptions and misunderstandings, resulting in a drastically different tax outcome than they expect. Alot of people mistakenly think that buying a new vehicle or item of machinery will reduce their taxable profit by the amount they spend on …

Entertainment and Christmas

Entertainment Rules Unfortunately all entertainment type expenses are not 100% tax deductible to the business. Below are the rules for claiming these expenses and gifts to clients and staff. Staff Xmas Party/ Entertainment Yes! You can claim your end of year celebrations as business expenses. However, you may not be able to claim all of …