Simplified depreciation and the small business pool
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…
Deductions – Business and Capital Expenditure
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The facts about bad debt deductions
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…
5 tips to get home office deductions right
You might be sick of the daily commute, or want more flexibility of hours – or it could be that you have a talent or…
Liquidation, and winding up your business
General facts about winding up your business There are times where business owners, whether voluntarily or involuntarily, may need to wind up their business. It…
$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 there is a hidden gem buried within the small business…
Borrowed money to pay a business tax debt? Is the interest deductible?
It was about 1990 when the ATO was asked about the tax deductibility of interest on a loan a business may have taken out to…