Bad debt write-off

August 7, 2014

For a bad debt write-off to qualify as a deduction it must actually be bad and physically written off from your debtors ledger before balance date (usually 31 March). Consider the length of time the debt has been outstanding and efforts taken to collect it.

When bad debts are written off the appropriate GST adjustment should also be made. If you need assistance with this please give us a call.

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