We do the books for a lot of small companies and so often the boss expects the company to pay for his Big Mac. Not good. He is expected to feed himself, so the quick bites are not considered to be in the production of income and are therefore not tax deductible. From our point of view, we quote to do the company’s books, not the private account of the owner, so, if he (or she, though less commonly) eats almost daily from a filling station, Nando’s, MacDonalds or the like, we have to process the purchase to his loan…
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