March 4, 2021
We are often asked “what expenses can be claimed as a deduction against contracting income?” To claim a deduction, there must be a nexus between the expense incurred and the income being earned. If there is no nexus, the expense is unlikely to be deductible (and wo...
February 23, 2017
Home Office Expenses for Business Owners
As accountants, one of our roles is to create tax efficiency for business owners. We do this, by ensuring a business claims all entitled expenses to reduce profit and therefore pays less tax. One expense that may reduce taxable profit is a home office expense claim. Home ...
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