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 Tax deductions for Sole Proprietor

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Loonie2
post Jul 12 2011, 11:32 AM

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Parking and tolls claims - write down your client name on the receipts and if possible the invoice number and date for future reference.

Petrol, water & electricity - i would suggest u only to take 50% of this expenses as your business expenses, as you could also use this for your personal use also.

Entertainment if possible write down your customer name also on the receipts.

 

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