LOL, thats how the government support businesses (tax refunds).Oh... thanks for the explanation. Ok sana yan dito pero wala namang tax refunds dito hehehe.
For individuals, you can claim:
1. school tuition fees
2. Church tithes and offerings
3. donations (cars, clothes, electronics)
4. kids and dependents
etc etc
For business owners
1. above mentioned
2. gas, car payments, maintenance
3. if you conduct your business at home - you can include your house payments
4. if you eat in the restaurant - 50% is tax deductible
5. advertisements
6. gifts (considered as advertisement)
7. basically any expense that is related to your business (of course you can twist the law)
You have to keep all the receipts, bank statements, credit card statements, etc for the whole year so you need a good accountant to help you out.
(sorry about the OT)


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