How Do Tax Deductions Work? The Only Guide You Need
Business owners can claim a tax deduction for most of the expenses incurred in running their business, provided the expenses are directly related to earning taxable income. This sounds simple enough, but many people don’t understand how to claim maximum tax deductions as they don’t know what constitutes an eligible deduction for business expenses. We’ve […]
How Do Tax Deductions Work for Individuals? The Only Guide You Need
A common question posed to accountants by their clients is, ‘how do tax deductions work?’ Unfortunately, confusion often surrounds the topic, as individuals are naturally eager to lower their amount of tax payable (and receive a higher refund) at the end of a financial year but do not want to risk making false claims on […]
