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
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