Section 11a and the Realities of Business Expense Deductibility
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In this episode of Advisory Explained, Kosie is joined, once again, by Bobby Wessels from AJM to explore the complexities of Section 11(a) and the general deduction formula in South African tax law.
Their discussion centres on the core requirements for deductibility, exploring how foundational case law applies to modern business challenges. They delve into high-stakes areas such as BEE-related expenditure, the deductibility of fraud and cybercrime losses, and the potential pitfalls of expensing salaries for staff working on capital assets or inventory.
Listeners will gain insights into the practical application of Section 11(a) and how to navigate the friction between international accounting standards and tax law to ensure their deductions are robust and compliant.
bakertillygreenwoods.co.za
Their discussion centres on the core requirements for deductibility, exploring how foundational case law applies to modern business challenges. They delve into high-stakes areas such as BEE-related expenditure, the deductibility of fraud and cybercrime losses, and the potential pitfalls of expensing salaries for staff working on capital assets or inventory.
Listeners will gain insights into the practical application of Section 11(a) and how to navigate the friction between international accounting standards and tax law to ensure their deductions are robust and compliant.
bakertillygreenwoods.co.za
