Bonus to the "accrued" in FY already closed
I have just closed my FY in my C Corp on 07/31/2009, with a profit above $100,000. I would like to "pay myself" and one employee bonuses, to be accrued during that FY, as an "achievement bonus" for the good results that FY. The problem is that the FY cloed and the checks would go out in Auguts. We use the accrual method, so logically, it should be acceptable for the IRS. This would bring down the Net Profit and lower my Income Tax.
Is this acceptable for the IRS? I would make the payment as one more salary payment for each, with all the SS, MC & Inc. Tax payments & witholding.