{"id":96,"date":"2024-08-02T12:26:12","date_gmt":"2024-08-02T12:26:12","guid":{"rendered":"https:\/\/acebusinessadvice.com\/blog\/?p=96"},"modified":"2024-08-02T12:26:23","modified_gmt":"2024-08-02T12:26:23","slug":"tax-myths-busted","status":"publish","type":"post","link":"https:\/\/acebusinessadvice.com\/blog\/tax-myths-busted\/","title":{"rendered":"Tax Myths Busted: Separating Fact from Fiction for Small Businesses and Sole Traders!"},"content":{"rendered":"\n<p>Do you think you know all about taxes? Let&#8217;s test your knowledge! We\u2019re debunking some common tax myths that might be costing you money.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Myth or Fact? &#8220;You can&#8217;t claim any expenses if you work from home.&#8221;<\/h4>\n\n\n\n<p><strong>Myth Busted!<\/strong> If you use part of your home exclusively for business, you can indeed claim a portion of your home expenses. This includes a percentage of your utility bills, council tax, and even mortgage interest or rent!<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Did you know?<\/h4>\n\n\n\n<p>According to a recent survey, 68% of small business owners weren&#8217;t aware they could claim these expenses. Don\u2019t miss out on potential savings!<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Pro Tip:<\/h4>\n\n\n\n<p>Keep meticulous records of your home office usage and expenses. A simple spreadsheet or a dedicated app can make this task much easier come tax time.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Do you think you know all about taxes? Let&#8217;s test your knowledge! We\u2019re debunking some common tax myths that might be costing you money. Myth or Fact? &#8220;You can&#8217;t claim any expenses if you work from home.&#8221; Myth Busted! If you use part of your home exclusively for business, you can indeed claim a portion [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":97,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,10,7,6],"tags":[],"class_list":["post-96","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bookkeeping","category-company-accounts","category-corporation-tax","category-personal-accounts"],"_links":{"self":[{"href":"https:\/\/acebusinessadvice.com\/blog\/wp-json\/wp\/v2\/posts\/96","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/acebusinessadvice.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/acebusinessadvice.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/acebusinessadvice.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/acebusinessadvice.com\/blog\/wp-json\/wp\/v2\/comments?post=96"}],"version-history":[{"count":1,"href":"https:\/\/acebusinessadvice.com\/blog\/wp-json\/wp\/v2\/posts\/96\/revisions"}],"predecessor-version":[{"id":98,"href":"https:\/\/acebusinessadvice.com\/blog\/wp-json\/wp\/v2\/posts\/96\/revisions\/98"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/acebusinessadvice.com\/blog\/wp-json\/wp\/v2\/media\/97"}],"wp:attachment":[{"href":"https:\/\/acebusinessadvice.com\/blog\/wp-json\/wp\/v2\/media?parent=96"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/acebusinessadvice.com\/blog\/wp-json\/wp\/v2\/categories?post=96"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/acebusinessadvice.com\/blog\/wp-json\/wp\/v2\/tags?post=96"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}