Quote:
Originally Posted by Paul Markham
So you must be laughing at yourself.
Stop trying to explain it to people who obviously don't have accountants.
If you have a home in your office and even entertain, only part of the home costs can be placed as an expense, with so many here working from home why didn't they know this???
If you take a holiday and combine it with business only your flight and some expenses are on the business and your wife if she's employed by the company.
A nanny is an employee of the company.
A car can be on the company as pert of a lease deal.
Good luck if the tax inspector finds out if your wife is at home all time and the car isn't being used on company business. Then it becomes tax fraud.
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many people write it all off then get a surprise when they get audited and realize they can only write off 20-50%.