What are personal expenses?
" Personal expenses " are considered to be those expenses that are not directly related to the business.
Therefore, you should not take them into account when calculating the profit.
Personal taiwan mobile number expenses are not deductible in corporate tax .
RECOMMENDED READING: What to do with deductible expenses from previous years?
Purchases paid for by card that are not included in a statutory invoice are also not deductible . However, these expenses do appear in the accounting and are linked to a movement of money that appears in the company's account.
Partners' expenses charged to the company's account
We must be very careful with these actions, which, by the way, are very common, especially in societies.
The dynamics are as follows:
Personal expenses are paid with a credit card that is used indiscriminately, both for business and private needs.
These partner expenses charged to the company's account are bank transactions that must be included in the accounting.
So...
How are personal expenses justified?
The first and most important thing is to consider which expenses are deductible and which are not. That is, which tickets are "valid" and which are not.
