Deductions – Business and Capital Expenditure

Certain start-up expenses, including costs associated with raising capital, that would otherwise be deductible over five years are immediately deductible (from July 1, 2015) where…

You generally make a tax loss when the total deductions that can be claimed for a financial year exceed the total of assessable and net…

The general rule is that you can claim deductions for expenses your business incurs in its task of generating assessable income. Many of these deductions…

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…

If a business racks up an interest bill from borrowing funds to pay for the expenses of running the business, or to acquire other income-producing…

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…