Non-SBE taxpayers (and some SBE taxpayers) are entitled to a deduction for expenses incurred as at 30 June 2015, even if they have not yet been paid.<\/p>\n
The following expenses may be accrued:<\/p>\n
\u2022\tSalary or wages and bonuses<\/strong> \u2013 the accrued expense for the days that employees have worked Non-SBE taxpayers (and some SBE taxpayers) are entitled to a deduction for expenses incurred as at 30 June 2015, even if they have not yet been paid. The following expenses may be accrued: \u2022 Salary or wages and bonuses \u2013 the accrued expense for the days that employees have worked but have not been paid…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-13908","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"\n
\n but have not been paid as at 30 June 2015.
\n\u2022\tInterest<\/strong> \u2013 any accrued interest outstanding on a business loan that has not been paid as at 30 June 2015.
\n\u2022\tCommercial bills <\/strong>\u2013 the discount applicable to the period up to 30 June 2015, where the term of the bill extends past 30 June.
\n\u2022\tCommissions<\/strong> \u2013 where employees or other external parties are owed commission payments.
\n\u2022\tFringe benefits tax <\/strong>\u2013 if an FBT instalment is due for the June 2015 quarter, for example,
\n but not payable until July, it can be accrued and claimed as a tax deduction in the 2015 income year.
\n\u2022\tDirectors\u2019 fees<\/strong> \u2013 where a company is definitively committed to the payment of a director\u2019s fee as at 30 June 2015, it can be claimed as a tax deduction.<\/p>\n","protected":false},"excerpt":{"rendered":"