Hi Guys,
I have a few random tax questions, I am in the process of setting up new ventures and was wondering:
1, We start a hospitality business, my wife is involved in the business too, Can I deduct business lunches/dinners between the two of us?
2, We go on business trip to check out the similar businesses in and out of town (hotels, B&Bs), how much the cost of accommodation, travel and restaurant/food expenses are deductible?
3, Same question if we go abroad? but part of the holiday is a proper holiday, some parts are for research? If we have a lunch we solely dedicate to business discussion, can that be claimed? or what %?
Thanks much!
I have a few random tax questions, I am in the process of setting up new ventures and was wondering:
1, We start a hospitality business, my wife is involved in the business too, Can I deduct business lunches/dinners between the two of us?
2, We go on business trip to check out the similar businesses in and out of town (hotels, B&Bs), how much the cost of accommodation, travel and restaurant/food expenses are deductible?
3, Same question if we go abroad? but part of the holiday is a proper holiday, some parts are for research? If we have a lunch we solely dedicate to business discussion, can that be claimed? or what %?
Thanks much!
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