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INTRODUCTION Calculating a Travel Deduction If You 2022-2025

Sars Travel Logbook 2022-2025 Form

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hello today I am talking about all things business deductions for meals and travel expenses if you are a business owner and trying to figure that out before tax time or if you are a bookkeeper helping business owners with these deductions definitely keep watching so starting out with meals basically the thing that you need to know is there's two types of deductions for meals so for some meals you get a 50 deduction and some meals you get a hundred percent deduction and there's a couple stipulations but I'm going to go over the broad categories to start out for your business meals can be deducted 100 if it's something like a Christmas party so if everyone in your office is involved and you get it catered or maybe you go to a restaurant usually my clients have a couple parties per year that is for the whole office that applies to this 100 deduction and then for the meals that you get just 50 that is when you might take a client out to lunch for just 20 21

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