Deduction or Not?

When in doubt concerning the validity of a purchase as a deduction, its best to record it, but bring it to the attention of your accountant, who can advise you as to what portion can be claimed as an expense, if it is to be viewed as a capital purchase to be depreciated, or whether it cannot be included. As you won’t always know which of these applies, it’s best to highlight all such potential issues with your accountant.

The team at Falcon Accounting study matters pertaining to tax law constantly and will give you the best advice on how you can treat all your different kinds of purchases for accounting purposes.