February 9, 2017
Did you know that a $70 lunch may only give a tax deduction of $6.13?
How often have you heard a business owner say "It's ok, it's a business expense and I can claim it for tax"? Do they really understand that a $70 lunch or dinner may only provide a tax deduction of $6.13? Would you spend $70 to only get $6.13 back? Our take home messages ar...
GSTTax TipsAgBizAccountantsGST requirementsPay Less TaxBusiness Health CheckBusiness lunchesBuying a homeCapital GainsCash and ProfitCashflowCompany's - tax rate of 28%Crypto TaxCryptocurrencyCryptocurrency Taxdeductible for taxEntertainment TaxFarming Deductions for Home OfficeFinancial expenditureFirst Home BuyerHome OfficeHome Office Expenses for Business OwnersHybrid BasisIncome TaxInvoice BasisParents Gifting to ChildrenPartnership - taxed at each partner's marginal taxPayments Basisregistered for GSTTax DeductionTax Efficiency and Business StructureTaxable PeriodTrust's - tax rate of 33%Understanding Taxvoluntary GST registration