Tax Savings Strategy 191 | Pets in the Workplace
This strategy makes private pet ownership costs tax deductible (under certain circumstances). Having pets in the workplace involves the employer acquiring pets for the workplace (whether an office, factory or warehouse).
The pets could be the standard, cat, dog, fish, ferret, bird, snake, or any other pet really. The business benefits of pets in the workplace include improved employee morale, reduced stress, better employee interactions, higher employee motivation and engagement, and improved culture.
The workplace pet’s food, vet, insurance, grooming and other costs will be tax deductible.
"You’d be stupid not to try to cut your tax bill and those that don’t are stupid in business"
- Bono: U2