Q:
If I transfer commission to a referrer via bank transfer, how should I prove that this commission is genuine if I could not get the recipient’s I/C number and signature?
A:
First, you should try to ask for the referrer’s I/C number. You can also use written communication such as email to prove that the commission payment is genuine by asking the referrer to reply to your email to acknowledge that he/she has earned the commission.
Q:
Company ABC is sponsoring COVID-19 screening cost for employees and purchases Personal Protective Equipment (PPE) such as masks and hand sanitizers for workplace use. Are these expenses eligible for tax deduction for Company ABC?
A:
Yes, both expenses are eligible for tax deduction.
Wishing you plentiful tax savings!
Zen Chow
YYC Tax Guru
P.S. I've received a lot of tax questions, so now I am answering the frequently asked questions and sharing them with you weekly!
P.P.S. One more thing. I have a FREE Tax Livestream that you won't want to miss out. Because you can learn how to SAVE TAX for business! Reserve your FREE seat here: bit.ly/zen-taxlive