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Allowed Deductions in Your Company Tax Return

September 2010

When operating your business as a company, it is your duty to lodge an annual company tax return showing your taxable income and the amount of tax due on that income.Limitations of deductionsTaxable income is computed by deducting certain expenses (also referred to as allowed deductions) from your...

Home Based Businesses And Home Office Expenses

May 2009

If you carry out work at home, you may be able to claim a deduction for some of the expenses relating to the area that you use for business purposes. In all cases the taxpayer needs to:be able to prove that expense have been incurred and be able to establish a connection between the business and...

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