QUOTE(Azurika @ Jan 18 2019, 04:44 AM)
Hey guys, is there a place or any sifu here can advice what is deductable for a sole prop ? I was told that certain things such as buying a laptop/tech hardware for work/campaign would classify under your capital, hence is not deductible in your revenue sheet when audited. What about things such as travel expenses (hotel/flight/petrol) , allowance which are part of required cost to perform my task. I know I can pay salary/contracts to workers/3rd party if I were to engage any.
I will be contracting 2-3 people to assist with a 6 figure campaigns that I was awarded over the spend of 12 months. Didnt want to go the sdn bhd route as this may just be a 1 off thing.
while waiting for value added responses,
I googled and found this....
hope it can provide you with some info while you wait...
i think, (just thinking only ya) after looking at that article....
your laptop/tech hardware for work maybe under Capital Allowance,
your hotel/flight/petrol if to qualified for business expenses have to qualify certain criteria
just a note of caution....one cannot be a qualified tax related personal by just reading articles or listening to comments in the forums.....it is your business, your tax related matters which would be answerable to the LHDN....thus it is best to seek qualified advises from one qualified tax accountant........This post has been edited by MUM: Jan 18 2019, 07:25 AM