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Conferences & events
>>I heard a rumour that in the States conferences are 100% tax write-off? True?
>
>I always take off any 'cost of doing business' from my business income. That is basically any expense that is not billed to a client. To me that includes education, trianing, training materials, software, magazines, books, etc.
>
I should add that this does not reduce your tax liability by 100% of what you spent, it reduces your taxable income. So, basically you are buying it with tax free $$$.
Does that make sense?
BOb
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