There is a great deal of confusion as to what you can and what you can’t deduct from your profit for tax purposes.
This tip gives a brief list of the types of expenditure you can claim, some of which you may already be deducting, some may be new to you and applicable to your business.
In general, costs enabling you to run the business and are incurred wholly and exclusively for business purposes are tax deductible.
Read more about Tax deductible expenses
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