Hi sir, i have a trouble in solving this question and knowing what is disallowance and allowable . Can u pls let me know about the treatments for the following:
Question- George is a part time employee and also runs his own business as a sole trader for many years. George has accounting profits for 2022/23 to be £28,100. These profits include the following items: • George’s own salary of £12,000. • £800 for legal and professional fees relating to an employment contract; • £250 for the annual staff party; and • £2,500 in respect of a health and safety fine.