Most individuals and businesses correctly comply with their tax obligations, but there are exceptions, as detailed in the below examples. David Irvine, a businessman from Brisbane has been sentenced by the Brisbane District Court to Read more…
$30,000 Instant Asset Write-Off From the 2012 financial year, small businesses (with an aggregated turnover less than AUD$10 million) have been able to claim an immediate tax deduction for business assets purchased under a certain Read more…
The Australian Taxation Office (ATO) has identified the following most common mistakes in relation to claiming tax deductions for business expenses in the tax returns: If a taxpayer uses a motor vehicle entirely for business Read more…