Accrued bonuses can be deducted for tax purposes if certain criteria are met:
Below are some techniques to "establish the fact" of the bonus accrual:
Below are some situations that may cause the bonus accrual to not be deductible as the bonus liability was not "established as fact":
For more information, please contact your UHY LLP professional in one of our many locations.
Wednesday, April 24, 2019 | 7:30 AM – 9:30 AM EDT | The Hartford Club