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So I know what i can put towards my expenses for OF( what I can write off) but my question is what is % of your expenses that you could put in your declaration so it would make sense and won’t raise some red flags. Let’s say if you put like you had 80% of expenses and only 20 is pure income so that wouldn’t make sense because you spent more than you earned specifically for second year. So is 40-50% is ok for your expenses or not who knows something would be helpful (looking for new accountant now have nobody to ask)
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