By Max Newnham
There is often a misconception that when someone starts a business they can deduct a lot more expenses than when they were an employee. Nothing could be further…
Business Tax Cuts Keep Coming
By SUNCORP
Hundreds of thousands of Australian small businesses will have a little more cash left in the kitty next June after corporate tax cuts were confirmed in the recent federal…
The Income Tax Implications of Property Lease Incentives
Lease incentives are commonly used by landlords to entice tenants to enter into a lease. The most common type of lease incentive relates to new tenancies in commercial buildings.
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Getting Deductions for Clothing and Laundry Expenses Right
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 unique, and usually…
Borrowed Money to Pay Your Business Tax Debt? The Interest Could Be Deductible
The obscure deductibility gem alluded to in this article’s headline is in fact true. It was about 1990 when the ATO was asked about the tax deductibility of interest…
Let’s Get Reasonable About GST and Cars
By: Max Newnham
Some business owners make the mistake of regarding the Australian Tax Office as the enemy. It can be said the ATO at times places an unfair interpretation on income…
Tax Deductions Without a Benefit, Are a Loss
By: Max Newnham
It is an unfortunate fact of life that too often business owners have a total aversion to paying income tax. This can lead to earning too much black…
Demystifying Car Deductions
By: Max Newnham
There is a misconception that it is easier to claim a tax deduction for expenses in a business rather than as an employee. Nothing could be further from…
Car Salary Packages, FBT, and the Deductibility of After-tax Running Costs
By: Steve Burnham
Including a car in a salary package is a popular remuneration arrangement, and doing so as part of a salary sacrifice package will often give rise to…
Common Errors of New Rental Property Owners
By: Steve Burnham
Putting your money into bricks and mortar has been a traditional stalwart of investing for generations of Australians, and continues to be viewed as a solid place…
