I own a CC. the CC is a motor dealer,vat registered etc. I operate from home. So there is no rental, electricity,land line phone (except cell a/c which is in the name of the CC), cleaner,30 cups of tea that i have ever claimed against profits.
My two monthly vat payments are always in excess of R10 000. I draw a salary from the CC on which i pay tax, my CC pays tax on its profits. The question is how do i claim all these other expenses that clearly contribute to the generation of income & profits?
Please help.: mad: