Business expenses

Most businesses incur expenses when generating income and most of these can be deducted from its income to arrive at its net profit or taxable income. It is on this amount that you pay income tax. Certain business expenses that are paid for out of business income cannot be claimed as allowable business expenses.

  • Income and expenses
  • Entertainment and travel expenses
  • Home office expenses
  • Vehicle expenses
  • Non-deductible expenses