Tax Adjusted Trading Profits: True or False

Oui ou Non

(3)

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Quick true/false on deductible expenses

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Gemma McColgan

United Kingdom

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Tax Adjusted Trading Profits: True or FalseVersion en ligne Quick true/false on deductible expenses par Gemma McColgan 1 Donations to local charities (registered) are deductible. Yes No 2 Fines for late filing of tax returns are deductible. Yes No 3 Lease payments for business premises are deductible. Yes No 4 Trade subscriptions to professional bodies are deductible. Yes No 5 Gifts to customers (costing £40 each, branded with company logo) Yes No 6 Gifts to customers costing £60 each (not branded) are deductible. Yes No 7 Depreciation on machinery is allowable for tax purposes. Yes No 8 Staff entertaining (annual party costing £300 per head) Yes No 9 Interest on business loan is deductible. Yes No 10 Client entertaining costs are deductible for tax purposes. Yes No 11 Owner’s drawings (cash taken from the business for personal use) Yes No 12 Staff salaries and wages are deductible. Yes No 13 Employer pension contributions are allowable for tax purposes. Yes No

Tax Adjusted Trading Profits: True or FalseVersion en ligne

Quick true/false on deductible expenses

par Gemma McColgan

Donations to local charities (registered) are deductible.

Yes

Fines for late filing of tax returns are deductible.

Yes

Lease payments for business premises are deductible.

Yes

Trade subscriptions to professional bodies are deductible.

Yes

Gifts to customers (costing £40 each, branded with company logo)

Yes

Gifts to customers costing £60 each (not branded) are deductible.

Yes

Depreciation on machinery is allowable for tax purposes.

Yes

Staff entertaining (annual party costing £300 per head)

Yes

Interest on business loan is deductible.

Yes

Client entertaining costs are deductible for tax purposes.

Yes

Owner’s drawings (cash taken from the business for personal use)

Yes

Staff salaries and wages are deductible.

Yes

Employer pension contributions are allowable for tax purposes.

Yes

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Tax Adjusted Trading Profits: True or False

Oui ou Non

À propos de cette activité

Créé par

Téléchargez la version pour jouer sur papier

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Tax Adjusted Trading Profits: True or FalseVersion en ligne

par Gemma McColgan

Donations to local charities (registered) are deductible.

Fines for late filing of tax returns are deductible.

Lease payments for business premises are deductible.

Trade subscriptions to professional bodies are deductible.

Gifts to customers (costing £40 each, branded with company logo)

Gifts to customers costing £60 each (not branded) are deductible.

Depreciation on machinery is allowable for tax purposes.

Staff entertaining (annual party costing £300 per head)

Interest on business loan is deductible.

Client entertaining costs are deductible for tax purposes.

Owner’s drawings (cash taken from the business for personal use)

Staff salaries and wages are deductible.

Employer pension contributions are allowable for tax purposes.

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