What Do You Write Off As A Business Expense?

Greenguy · 2011-08-11, 05:54 PM

Ram - I bet you can write off that apartment.

dunc · 2011-08-11, 06:54 PM

Coffee & Coffee machine
Charity Donations

Thats all I can add... but these are Australian of course.

My accountant also said that if I am travelling anywhere, pickup some local business cards - then claim the trip on tax... so I do

Ramster · 2011-08-13, 10:33 AM

Quote:

Originally Posted by Greenie

Ram - I bet you can write off that apartment.

Yes you are right I can.

One of the guys I use to see on the train to Toronto said even if you do not own a business you can right off the apartment rent because you have a residence elsewhere (home in Ottawa) and you have to travel to Toronto for work and rent an apartment in order to earn your income.

Bill · 2011-08-13, 07:01 PM

I'm also more conservative than I have to be. In the past I have not been agressive with writing off expenses.

I do however write off a home office, but very sparingly.

I was audited a few years back, I showed the auditor my home office setup, she nodded and said "that's fine". It wasn't an issue.

2011-08-11, 05:54 PM	#1
Greenguy The Original Greenguy (Est'd 1996) & AVN HOF Member - I Crop Pics For Thumbs In My Sleep Join Date: Feb 2003 Location: Blasdell, NY (shithole suburb south of Buffalo) Posts: 41,929	Ram - I bet you can write off that apartment. __________________ Promote POV Porn Cash By Building & Submitting Galleries to the Porn Luv Network

2011-08-11, 06:54 PM	#2
dunc You can now put whatever you want in this space :) Join Date: Feb 2007 Location: Australia Posts: 658	Coffee & Coffee machine Charity Donations Thats all I can add... but these are Australian of course. My accountant also said that if I am travelling anywhere, pickup some local business cards - then claim the trip on tax... so I do __________________ Good, Cheap Wordpress Themes

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2011-08-13, 07:01 PM	#4
Bill Selling porn allows me to stay in a constant state of Bliss - ain't that a trip! Join Date: Apr 2003 Posts: 3,914	I'm also more conservative than I have to be. In the past I have not been agressive with writing off expenses. I do however write off a home office, but very sparingly. I was audited a few years back, I showed the auditor my home office setup, she nodded and said "that's fine". It wasn't an issue.