Grange Business Partners

Bonuses and Directors Fees

To obtain a deduction for any planned bonuses or directors fees, ensure that this decision is documented before 30 June so you are legally committed to pay this obligation.  A director’s resolution would be sufficient documentation of this decision. This will ensure you are entitled to claim a deduction in the current year, even if the amount remains unpaid at the end of the financial year.

The recipient should declare any bonus or directors fees received in the year they are received.

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