QUOTE(mobio.dev @ Feb 27 2012, 06:19 PM)
sameAdded on February 28, 2012, 4:26 pm
QUOTE(izdyharz @ Jul 10 2011, 01:57 AM)
Hi guys..
I have this questions:
I have just embarked on a sole proprietor business in Malaysia. I have a few questions which I hope some of the experts out there can help to answer:
1) What are the tax forms that I would need to fill up next year?
2) What are the type of deductions that I can use as my business expenditure? Can I use:
i) Housing loan - I'm using my current house as the business premise
ii) Car loan - I'm using my current car as my business mode of transport (to deliver the goods). What if the car i already bought earlier?
iii) Parking tickets, petrol and tolls - I incur all these costs when i deliver the goods
iv) Entertainment - Once in a while, I will have to take my clients out for dinner.
v) Any other things that's considered as business expenditure? (Electricity, water bill)?
i) Housing loan - I'm using my current house as the business premise - ADD BACK 30% INTEREST EXPENSESI have this questions:
I have just embarked on a sole proprietor business in Malaysia. I have a few questions which I hope some of the experts out there can help to answer:
1) What are the tax forms that I would need to fill up next year?
2) What are the type of deductions that I can use as my business expenditure? Can I use:
i) Housing loan - I'm using my current house as the business premise
ii) Car loan - I'm using my current car as my business mode of transport (to deliver the goods). What if the car i already bought earlier?
iii) Parking tickets, petrol and tolls - I incur all these costs when i deliver the goods
iv) Entertainment - Once in a while, I will have to take my clients out for dinner.
v) Any other things that's considered as business expenditure? (Electricity, water bill)?
ii) Car loan - I'm using my current car as my business mode of transport (to deliver the goods). What if the car i already bought earlier? - IT IS BEST TO LEAVE THIS ONE OUT
iii) Parking tickets, petrol and tolls - I incur all these costs when i deliver the goods - ADD BACK 1/3
iv) Entertainment - Once in a while, I will have to take my clients out for dinner. - ADD BACK 100%
v) Any other things that's considered as business expenditure? (Electricity, water bill)? - ADD BACK 1/3
I SUGGEST YOU TO WORRY LESS ON ALL ABOVE MENTIONED EXCEPT (I), (III) & (V)...
KEEP NOTE ON DIRECT COST...
This post has been edited by scottlwt: Feb 28 2012, 04:26 PM
Feb 28 2012, 04:11 PM

Quote
0.0164sec
0.76
6 queries
GZIP Disabled