Penalty interest can be deductible, under specific conditions
A new ruling has been released by the ATO on the deductibility or otherwise of “penalty interest”. The term penalty interest refers to an amount…
A new ruling has been released by the ATO on the deductibility or otherwise of “penalty interest”. The term penalty interest refers to an amount…
This tax time, the ATO, as usual, has nominated some tax claim hot spots that it will be paying attention to — and which you…
When you have plans for starting a new business, one of the central decisions is which business trading structure will work best for your venture.…
Click here for a pdf version of this article.c Penalty interest can be deductible, under specific conditions A new ruling has been released by the…
New labels in the 2019 SMSF annual return The SMSF annual return for 2019 has a number of new questions and labels that SMSF practitioners…
An employee declaration is written advice given to an employer by their employee containing information relating to the fringe benefits staff have received. A business…
When completing your tax return, you’re entitled to claim deductions for some expenses, most of which are directly related to earning your income. To successfully…
Car parking fees incurred in the course of producing assessable income are generally deductible, but special rules apply if the car is used by an…
Operators in some Australian industries as well as select government entities are required by the ATO to lodge a taxable payments annual report (TPAR). The…