by Peter S | Oct 14, 2019 | Estate planning, NBC News
Australian Estate Taxes – Background Death and Taxes Income tax rules as they apply to deceased Estates can be quite complex so we’ll try to run through them in an easily understandable manner below. When a person dies, their Will controls what happens to their...
by Peter S | Sep 19, 2019 | NBC News, tax
Business entertainment tax deduction Back in the late 80’s, the Government became all concerned about the Corporate Fat Cats dining-out and claiming tax deductions in the guise that this was related to marketing and “doing-business”. So, they shut it down. It’s now...
by Vicki Horton | Jul 4, 2019 | NBC News
Contributions Concessional (tax deductible) superannuation contributions can be claimed as a personal tax deduction or are tax deductable to the employer entity making the payment. Please note, the concessional contribution caps include any salary sacrifice amounts,...
by Peter S | Jul 1, 2019 | NBC News
Directors’ Fees, Wages, Drawings and Superannuation Guarantee From 1 July 2019, changes to the law for the tax deductibility of payments of Directors’ fees will take effect. Failure to comply with these changes will prevent the payments from being a tax-deductible...
by Peter S | Jun 11, 2019 | NBC News
Car logbook To claim a deduction for motor vehicle expenses the tax office requires substantiation of the business use of the vehicle. This can be documented through a logbook. The percentage of business use determines the tax deductibility of the vehicle expenses....
by Peter S | May 14, 2019 | NBC News
Instant Asset Write Off Assets used in business are usually subject to a tax-deductible depreciation write off over their useful life or at rates set-out by the Australian Tax Office. Assets (including cars) that are fully available for use and used in businesses with...
