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All sorts of personal expenses can be deducted through a company. Travels, restaurants and hotels, car rentals, car maintenance. Even holidays, there is a whol
by vfc1 7y ago
All sorts of personal expenses can be deducted through a company. Travels, restaurants and hotels, car rentals, car maintenance.
Even holidays, there is a whole business of seminars on cruises and exotic locations, people sign the presence sheet and skip classes and declare everything as an expense.
You can pay your Internet, phone, buy coffee machines and coffee, office items and have all that deducted as a company expense.
All of this is pretty significant for most people and would make a huge difference in most people budgets.