Michael G.
Mascot, NSW
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Am I still able to claim tax deductions that are billed under my personal name after I set up a PTY LTD company?
Responses
Hi Michael,
Yes and no.
For example if you bought a laptop in your psetonal name you can sell it to the company and get paid.
If you ran the business as a sole trader then you can claim expenses personally.
Just remember some expenses you can take a deduction others you have to deduct over several years.
Hope that helps