92 | Minor Benefit Rule

The minor benefit rule is the one exception that turns a non-deductible contribution into a tax-deductible gift.  Minor Benefit Rule Is the ticket for a fundraising dinner a tax-deductible gift?  Is a successful bid at a charity auction a tax-deductible gift? The short answer is  ‘No’. The person paying gets something back in return for […]

92 | Gifts and Contributions

Every donation of money or property to a charity is either a gift or contribution.

91 | How To Tax Deduct Business Lunches

Can you tax deduct business lunches? In principle No, but probably Yes. 

90 | 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.

86 | 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.

22 | 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.

7 | 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?

5 | 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.