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| Name | Tip 2: Write Off Bad Debts |
| Video Uploader | Video From Tax Nuggets Academy |
| Upload Date | This Video Uploaded At 26-06-2023 22:00:56 |
| Video Discription | Psst... Here's a little tip on bad debt deductions! 💡 Did you know that a deduction can be claimed even though the debt has not been written off in the accounts? Here are some key criteria to consider: • Ensure the debt was previously treated as assessable income • Keep a written record of the write-off decision • Confirm it's a bona fide, non-recoverable debt. For more guidance, watch our video below to better understand the threshold for claiming a bad debt deduction. Don't miss out on this valuable tax-saving opportunity! 📉💰 🚀⚡️ Stay ahead with unlimited access to practical & engaging tax training for SME accountants & advisors taxnuggetsacademy.com.au |
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