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shaalaa.com
Explain the following Entertainment Tax | Shaalaa.com
Explain the following Entertainment Tax
Sep 18, 2024
Entertainment Tax Explained
1:48
Are you aware of the new tax and how it affects creatives and consumers? | EarGround TV
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5 months ago
0:15
You’re told Client entertainment isn’t tax deductible but… Here’s the twist: Paying from your business account is still smart ✅ Why? • It goes on your Profit & Loss as an expense (even if it doesn’t reduce corporation tax) Paying from personal funds = you’ve already been taxed on that money Paying from your business = keeps your personal funds intact and avoids draining your post-tax cash. Moral of the story: just because it’s not “deductible” doesn’t mean it’s not tax savvy. 😉 Pay client enter
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