THE REAL YEAR END We have just started a new calendar year but are running rapidly towards the end of the financial year. What we all want is to reduce tax and stress so here are a few tips to get you started: Bad Debts: In order to claim a tax deduction for a bad debt, the debt must be written out of your debtors’ ledger prior to 31 March. You must have undertaken all reasonable steps to collect the outstanding sum. Remember, writing a bad debt off does not mean you can not continue to pursue it. [...]
Read the full article here: The Real Year End
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