The FTA uses Agentic AI in 2026 to cross-reference personal bank statements with business deductions.
Allowable Deductions (50-100%):
- Marketing & Ads: 100% deductible.
- Software & Gear: 100%.
- Client Entertainment: Capped at 50%.
Statutory Guide // Accounting
The Forensic Deduction Guide
What is 'Wholly and Exclusively' Business Expense for the Gig Economy?
Standard
IFRS-Lite for SMEs
Deduction Rule
Wholly & Exclusively
Entertainment Cap
50% of Expense
Record Retention
7 Years Statutory
Statutory Milestones
Next Statutory Briefing
Accepting Crypto as a Freelancer
VARA Compliance and FTA Revenue Recognition for Digital Assets