Can a business owner claim as rates exemption his enthusiasm insurance expense?
by a board resolution the company wants to give the president an insurance life span policy benefit as part of his remuneration which amount will be in keeping beside sound company policies.will the company be able to treat this expense as a levy deduction?
Answers:
It is considered a benefit, just similar to health insurance and will be a deduction for the company. If they are making themselves the beneficiary next the rules could be different.
YUP! Source(s): Previous employer.
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Answers:
It is considered a benefit, just similar to health insurance and will be a deduction for the company. If they are making themselves the beneficiary next the rules could be different.
YUP! Source(s): Previous employer.
Related Questions: