Is a Franchise fee tax allowable? | AccountingWEB

Is a Franchise fee tax allowable?

Hello my boss just came into my room and asked whether paying a franchise fee is tax allowable?

I don't know of any specifics but any information or a pointer of where to look would be much appreciated. (I'm thinking it may be treated similar to a lease premium?)

Thanks in advance

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cparker87 |

Analyse the fee as to what it buys

DMGbus |
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