Ways to save for SMEs, sole proprietors and partnerships

Consider claiming “home office” expenses, for example, electricity, telephone bills, quit rent and service charges of apartments. If the business owner pays rent for the working area, it can be deducted from the business income. This applies to rent that is paid to a spouse who owns the home but is not involved in the business.

Plan in advance when making capital expenditure (purchase of fixed assets for the business).