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Business Essentials: What is a Tax Deductible Expense?

As a business owner, it can be daunting when you are trying to work out what you can and can’t claim as tax deductible expense.Β  Other business owners will give you their opinion but is that the right advice for you and your business?Β  You can search online, but this can be confusing and often contradictory.Β  So, what can you claim?

Bookkeeping for Business Owners

Business owners often handle their own bookkeeping when they first start out, as they are time-rich but money poor. However, bookkeeping isn’t a skill you acquire simply by registering a business. But with a robust process, great software, a little training, and someone to call when you’re unsure, it is possible to do this well, even as a novice.

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