As business owners, we have to be responsible citizens by paying our taxes. A portion of our income is paid to the government to help improve the economy of the country and pay for services. But if there is one time in your tax-paying stint, it is when you receive your business tax return.
During this time, you try to think of things you can put up for tax exemption. While the usual office equipment are supposedly exempted, there are outrageous things you can write off as well!
Here are some of the craziest things to claim on your business tax return from around the world.
Most cosmetic surgeries are not really deductible, but if you use it as part of your business, like a stage prop for a dancer, then apparently you can have it deducted! Now this is one crazy thing to write off from your tax!
Paying your Lover
Basically, you can’t really subject for tax exemption anything that you spend for your lover. But if you task him/ her to conduct business functions, then yes, you can get that deducted from what you pay as tax!
For those who work in the comforts of their home, or use it as a meeting place with the clients, then apparently, home improvement can be deducted from your tax obligations. So now you know that you can kill two birds with one stone!
Medical expenses are always legitimate tax exemptions. But when you build something huge, like a swimming pool for that matter, to attend to your medical needs, then that’s another great thing to write off!
Moving to a new job can be claimed from your business tax return. Even if you are self-employed and you are in need of a move, then that can definitely be filed! Now isn’t that generous?
Having a kind heart can have its perks. You are sharing a part of your hard-earned cash to respectable causes out there. And as a reward, you can have that deducted from your taxable income as well.
Having pets can be a great addition to your household, but it can be costly as well. However, if they are these for a reason, like assisting you because of medical reasons or chasing off squirrels, they can be considered professional animals and the expense can be deducted from your taxable income.
Tax Preparation and Appraisals
When you are preparing to pay for your taxes, there are also some expenses tied to it. That can be categorized as miscellaneous fees, and thus can be written off from your tax obligations.