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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › disallowed expenses
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
hi there, the excess amount than normal wages is disallowable and is added back!
hi there, the excess amount than normal wages is disallowable and is added back!
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