Medical expenses incurred to care for your own health is not tax-deductible – for e.g gym membership costs, doctors appointment, dental, etc. However, if you are an employer, you can claim work-related counselling provided to your employees as tax-deductible to help them improve or maintain their efficiency at work.
This includes employees associates as well. Guess who they are?
There are a range of items that will cover counselling for e.g health, fitness and even personal relationships. It also includes the cost of helping your employees prepare for retirement.
Now you can be that employer of choice and reduce your tax while being so. Double bonus!
Contact us to find out more to make sure you get it right for tax deduction.