Claiming Gumtree and Facebook bought assets
A recent case before the Administrative Appeals Tribunal (AAT) brought into focus a growing phenomenon that you should keep in mind for work-related or business…
A recent case before the Administrative Appeals Tribunal (AAT) brought into focus a growing phenomenon that you should keep in mind for work-related or business…
The simplified depreciation rules are attractive for small businesses as they allow an immediate write-off for assets costing less than $20,000. In contrast, tax paying…
A debt to a business that is unpaid and deemed to be a “bad” debt can be an allowable deduction as long as it was…
The ATO allows certain taxpayers to claim a deduction for the cost of buying and cleaning occupation-specific clothing, items of protective wear and for certain…
Gumtree or Facebook group sourced assets, and the realities of making a claim A recent case before the Administrative Appeals Tribunal (AAT) brought into focus…
Updated data applied to small business benchmarks The ATO has updated its small business benchmarks with information from key financial ratios drawn from information provided…
You may not get many clients who can use this tax offset, but one day you may very well get one in the door who…
The concept of a “sharing economy” has been around for long enough now to have had a very real impact on how we transact. Think…
A not-uncommon conundrum for many SMSF trustees is what to do when the fund is found to have breached the in-house asset rules. There are…