Failure to claim vehicle expenses could harm SME profits as business travel resumes

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Small business owners’ hesitancy to claim vehicle expenses could harm future profits, as millions return to travelling for work purposes following the lifting of lockdown restrictions. While Zoom’s legacy is here to stay, millions of workers have returned to the workplace, incurring tax deductible business costs. However, a failure to claim costs for insurance, fuel, repair and parking by SMEs has…

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