How can I deduct my meals and entertainment expenses from business income - Tax Tip Weekly. Are you a business owner who has recently or is planning to entertain clients? I go through the activities and expenses that you may or may not deduct on your tax return. Entertaining clients are a good way to gain more business for your company, but it can get expensive. Follow my advice if you want to cut down on your spending and increase your profits!
Follow me on Twitter: https://twitter.com/Madan_CA
Like me on Facebook: https://www.facebook.com/MadanCharteredAccountant
Add me on Google +: https://plus.google.com/u/1/108551869453511666601/posts
Download any of our free eBooks available on our website: http://madanca.com/free-tax-secrets/
(Including Tax Tips for Canadians, Personal Tax Planning Guide for Canadians: 2014 Edition and 20 Tax Secrets for Canadians)
00:21 -- Personal Expenses
00:40 -- Keep the contact information of the guests you entertained
01:00 -- Food that you buy while traveling
01:12 -- Christmas party deductions
The information provided in this video is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided in this video.
Tags: How can I deduct my meals and entertainment expenses from business income - Tax Tip Weekly, Income Tax (Information Source), Tax (Literature Subject), Income (Quotation Subject), Tax Deduction, Clients, Entertaining, business