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January 23, 2021
Question

Interest paid on my business overdraft is showing as a disallowable expense, how do I change this?

  • January 23, 2021
  • 1 reply
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Original commenter did not share additional details

1 reply

January 24, 2021

Hi there, @sinrad.

 

The program is compliant with the SA103F deduction categories that you can claim as allowable expenses. Also, the data you entered on your Tax Profile determines whether or not an expense is allowable. You can check this article for more detailed information: SA103F Categories.

 

Also, to change and categorise the transaction accordingly, I encourage you to consult your accountant for professional advice take a looked at the SA103F categories article.

 

Also, I have here these articles for additional insights:

 

Feel free to visit us here in the Community if you have other questions. I'm always here to help. Thanks for dropping by.