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Does anyone know what can be deducted on your income tax return under other deductions. My tax man has deducted and described it as commission expenses but what could it be that he was deducting?
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As a rule. any expense incurred in order to produce income, can be deducted.Anthony Sterne
www.acumenholdings.co.za
DISCLAIMER The above is merely a comment in discussion form and an open public arena. It does not constitute a legal opinion or professional advice in any manner or form. -
Entertainment of clients however can only be deducted if you earn more than 50% commission, paid out your own pocket, and still have the receipts.If you need any Accounting, Tax or even Financial Management advice, PM me and I'll try help and keep your information confidential.
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