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 Tax deductions for Sole Proprietor

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soulmad
post Feb 15 2015, 12:05 AM

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guys,
can coffee bean mark as expenses ?
Hapeng
post Feb 15 2015, 12:11 AM

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QUOTE(soulmad @ Feb 15 2015, 12:05 AM)
guys,
can coffee bean mark as expenses ?
*
reason for purchase?
and your nature of biz?
soulmad
post Feb 25 2015, 10:18 AM

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QUOTE(Hapeng @ Feb 15 2015, 12:11 AM)
reason for purchase?
and your nature of biz?
*
servicing industry
meeting client
Hapeng
post Feb 25 2015, 02:59 PM

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as a gift to your client should be deductible.
but I can't remember if its 50% or not.
Sunny zombie
post Mar 7 2015, 11:43 PM

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QUOTE(sebrina @ Jul 10 2014, 11:55 PM)
I have a situation here. Hopefully some experts could help..
Ive started a partnership business in 2013 and I am also getting salary of 6k from this company as I work full time here. I'm trying to minimize payable tax(I guess everyone here is right??). FYI, my company isn't profitable yet. Question:

(1) Should I submit April or june tax form?
(2) I need to apply housing loan. Should I buy it using my salary or should I buy it under my company?
(3) Can I not pay tax for my 6k salary because my company is still not profitable yet?

Thanks in advance! Anyone with the same situation, pls advise me..
*
Since you have a business income, you should submit form b at June

Do your company have "nice" record? Profit, cash flow?

If you declare your business income, after deducting all your expenses and reliefs, and still have income, hen will subject to tax
SUSY.J.S
post Mar 24 2015, 10:26 PM

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Sorry for necromancing old thread,

just want tumpang tanya any experienced tax agent contact?
unequalteck
post Mar 26 2015, 03:04 PM

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Wanna ask, now I'm under employment and running another sole proprietorship alone. Income from business not much and I don't think I subject to pay tax so far. But I submitted my BE form instead of filing B form. What should I do now?

Call lhdn to submit another B form?
Or just let it go and submit B form next year?

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