Premiums for any specific insurance taken to cover your business operations, liability, or equipment are considered deductible expenses. You can also deduct fees for membership in professional associations. Fees paid to lawyers, accountants, and other business consultants are fully deductible. These include fees you pay to professionals as part of running your business. Accounting, Legal and other Professional Fees If the entertainment relates to staff events or parties (up to 6 events/year) or fund-raising events benefiting a registered charity, 100% of the cost can be deducted.
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