law

What types of legal expenses are tax deductible?

What types of legal expenses are tax deductible? When a legal expense is incurred in relation to the operation of a business to produce assessable income, it is generally allowable as a deduction. Exceptions are when the legal fee is capital, domestic or private in nature, if it is specifically excluded by another section of

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Commissioner’s ‘remedial power’ flexed for first time

The Commissioner of Taxation has limited powers to modify the implementation of tax law in circumstances where taxpayers will benefit, or at least be no worse off, as a result of the modification. The first use of this power to modify the law (the Commissioner’s remedial power, or CRP) took effect on 17 October 2017.

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Law firm warns Fair Work may be coming after some accountants

The Fair Work Ombudsman office has reportedly been seeking to have some repayments for underpaid employees recouped from not only the offending employer but also from advisory entities, such as accountants, that are involved with those employers. Coleman Greig Lawyers says that the Fair Work Ombudsman (FWO) has been using the “accessorial liability” provisions of

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