Hi All
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Does anyone claim unpaid invoices as a tax deduction for their practice?
I work as a sole trader in a low socioeconomic area where non-attendances and patients not paying bills are all to common. Claiming unpaid invoices or drawing up an invoice for non-attendance would be a great way to relieve some of the financial burden this places on my business.
An accountant friend of mine suggested that these could be classified as trade debtors and could be used as a tax deduction.
My concern that in the case of non-attendance this may not be possible as the service has not been rendered.
Any experience or advice in this area would be of great help. (i understand that this is not professional tax advice)
Steve
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