“Is my business lunch a tax deduction” was our article last month for leading Start-Up publication, Shoe String Why? Because it is one area which causes a lot of confusion and start-ups and small businesses want to understand whether meals (and coffees) can be claimed as a tax deduction.
It’s not a black and white area so we thought that some simple tips can help go a long way in working out whether you can claim a tax deduction. So what are the questions that you should ask (and that the ATO wants you to consider):
It’s important to consider these initial steps to help you work out whether you can claim a tax deduction on meals (and coffees).
And for more information on this, and the next steps we take at Nudge, you can read my article here.