Any expense needs to meet the following two criteria to be included in the books.
The reason for the expense.
In certain cases, as the one we are showing below, point 1 above needs to be demonstrated unequivocally. That is, in case of an inspection by the tax office, the proof to be supplied is of the type that would normally be accepted in a court-room (well documented).
Should your travel expenses be easily confused as personal, you will need to provided documents that prove the reason for your trip. For example:
How much is the expense
There is a limit to the amount you can spend on dinners and accommodation per day. If the expense exceeds the limit the invoice is still valid but can only be deducted up to that amount.
Remember, if you provide a weak reason, or in any other mean fail to be convincing, the inspector will take away the expense and apply a penalty for incorrect tax deduction, beside claiming the unpaid tax.
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