disallowed expenses

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  • Avatar of nekoutboma
    nekoutboma
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    • Topics: 9
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    I don’t get it here, in the June 2011 exam, personal remuneration was allowable, and wherever I read, im told that its disallowable, we have to add it back when trying to convert acc profits to taxable profits, some clarification needed here please! Need someone to clear the air up on leasing premiums n dividends


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    jaya1990
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    • Topics: 0
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    hi there, the excess amount than normal wages is disallowable and is added back!


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    jaya1990
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    hi there, the excess amount than normal wages is disallowable and is added back!


    Avatar of Tax Tutor
    Tax Tutor
    Keymaster
    • Topics: 1
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    Drawings treated as wages of the owner of an unincorporated owner are added back. If the wages expense is for a family member only add back excess wages over those that would be paid to a third party
    Hope that helps

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