What types of legal expenses are allowable as tax deductions?
When a legal expense is incurred in relation to the operation of a business to produce assessable income, it is generally allowable as a deduction.…
When a legal expense is incurred in relation to the operation of a business to produce assessable income, it is generally allowable as a deduction.…
About general law and tax law partnerships A general law partnership is formed when two or more people (and up to, but no more than,…
$20,000 write off is only available for small business, unless… Everyone assumes that the $20,000 instant asset write-off is exclusive to eligible small businesses. However…
Internal tax documents released — a peek into court interpretations The ATO has released on its legal database a series of what until recently have…
The ATO is concerned about arrangements being exploited by some companies for the purpose of releasing franking credits or streaming dividends to shareholders. It says…
ATO’s key results in 2014-15 – 7 million income tax returns lodged – 2% of tax liabilities were paid on time – 1,400 taxpayers (individuals…
SMSF trustee with the travel bug? How to keep your fund compliant Are you the trustee of an SMSF but also a travel aficionado? Nothing…
Stamp duties vary from state to state, but also from year to year. To make your job just that little bit easier we have compiled…
Hobby farming is a lifestyle choice that has been around for years and looks like an option that, if anything, is on the increase. And…