Your claim for a business tax loss can be denied
Business owners are naturally keen to be able to absorb a business loss as a tax deduction, but it also pays to not stray too…
Deductions – Business and Capital Expenditure
Read MoreYour claim for a business tax loss can be denied
Interest deductibility after income-producing activity ceases
An issue that sometimes arises for business owners is whether interest expenses incurred on borrowed funds used in a business remain deductible after the business’s…
2-minute quiz
Business deductions: How well do you know your business deductions? Try these questions to find out! QUESTION 1 A company’s financial accounts show the following…
Starting out in small business? You may be able to use simpler trading stock rules
If you are operating a small business and at the end of the income year you estimate that your trading stock’s value has not changed…
Key factors for rescuing a bad debt deduction
It is very often the case that unpaid debts owed to a business can have a significant impact on cash flow and the ongoing profitability…
Immediate deductions for start-up costs
Historically, taxpayers may have been able to claim a deduction for the costs associated with setting up a business or raising finance, including the costs…