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Trying and education expenses in a close company

  • 02-12-2019 8:18am
    #1
    Calahonda52
    Registered Users, Registered Users 2 Posts: 12,881 ✭✭✭✭


    Just wonder what criteria the Revenue might look like to allow such expenses.
    These are not club subs but say a professional dev programme outside the the State.
    Thanks as always

    “I can’t pay my staff or mortgage with instagram likes”.



Comments

  • #2
    thegolfer
    Registered Users, Registered Users 2 Posts: 346 ✭✭thegolfer


    Calahonda52 wrote: »
    Just wonder what criteria the Revenue might look like to allow such expenses.
    These are not club subs but say a professional dev programme outside the the State.
    Thanks as always

    I think it would depend on the activity of the company first. If it's for IFRS reporting and FS drafting then yes allowable, I'd the company was an accountants firm. Can it be linked to the activity of the firm, and does it relate to the income stream?


  • #3
    Calahonda52
    Registered Users, Registered Users 2 Posts: 12,881 ✭✭✭✭Calahonda52


    Good points, thanks.

    “I can’t pay my staff or mortgage with instagram likes”.



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