Reduce Your Taxes Legally! Top 3 Significant Tax Deductions for Businesses Can Claim - Alfred Yong (AYKS)

In this episode, we have Alfred Yong from AYKS Management Services on the show to discuss the top 3 expenses which businesses can claim for tax deductions.

The areas of discussion include:

- Overview on top 3 expenses which businesses can claim for tax deductions

- Section 33 (1), Income Tax Act 1967 (ITA)

- How business owners can claim entertainment expenses

- Examples of deductible entertainment expenses

- Show of proof before claiming tax deduction

- Repairs and renewals expenses

- Allowable and non-allowable expenses for repairs and renewals

- Benefits in kind and repair for vehicles

- Example of real-life case for tax audit by LHDN

- Final piece of advice

Check out AYKS Management Services here:

https://isearch.com.my/business/ayks-management-services/

https://www.facebook.com/AYKSManagementServices/

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