301 | PSI Rules
PSI or PSB? The answer can cost or save you tax. Here is Andrew Henshaw of Velocity Legal in Melbourne with the details.
Posts
266 | Tax Deduct Your Home Loan
There are two ways you can tax deduct your home loan, but they aren't what you probably think.
33 | The Great Debate
If you could change one thing about the Australian tax system, what would it be and how? Robert Deutsch of The Tax institute asked that question.
Articles
94 | Gifts and Contributions
Every donation of money or property to a charity is either a gift or contribution.
93 | Minor Benefit Rule
The minor benefit rule is the one exception that turns a non-deductible contribution into a tax-deductible gift.
92 | How To Tax Deduct Business Lunches
Can you tax deduct business lunches? In principle No, but probably Yes.
91 | Deduct Travel Expenses
When you deduct travel expenses from your income you save tax. That is a good thing. But you are also more likely to get audited.
87 | Small Business Tax Concessions
Small business tax concessions are an important feature of the Australian tax system. Here is a summary of the top 21.
21 | Are tolls car or travel expenses
Tolls are travel expenses and subject to GST (just in case you were wondering). And it makes sense when you think about it.
5 | Tax Deduction for Entertainment
A business expense is tax deductible. Entertainment is not. Unless subject to FBT. So the all deciding question is: What is entertainment?
4 | Tax Deduction for Conference Travel
How much can you claim as a tax deduction for conference travel? You might have to reduce the claim for any private portion. Here is how.
3 | Tax Deduction for Fundraising Events
If a charity event passes the Minor Benefit Rule, the DGR charity can issue a tax receipt for parts of the ticket price and auction proceeds. Here is more.
1 | Commissioner’s Effective Life of Depreciable Assets for 2019
The Commissioner publishes a Taxation Ruling each year listing the effective life of depreciable assets. Here is a handy overview for small operators.
Tax Talks
Tax Talks is Australia’s tax news podcast for tax professionals. Informative, entertaining and free.
