business deductions

  The bill Treasury Laws Amendment (2017 Enterprise Incentives No 1) Bill 2017 will be among the first batch of legislation that the government is to consider for 2019 (Parliament resumes on February 12). UPDATE: As of February 12, this legislation has now successfully passed Parliament. The bill (click here for a copy) contains changes

• 31 January, 2019

This non-exhaustive checklist of business deductions is designed to provide an easy reference guide to the types of deductions that might be claimed by businesses. This checklist should be read in conjunction with a similar checklist for employees that was published last week (read it here). Note that these deductions may not necessarily be available,

• 4 July, 2017

In the 2015-16 federal budget, the government increased the small business immediate deductibility threshold from $1,000 to $20,000, which was originally due to end at June 30, 2017. But a law amendment bill has recently been passed by Parliament (here it is) that extends that measure by 12 months until June 30, 2018, after which

• 26 June, 2017

As a general guideline, the ATO will allow a deduction for insurance premiums if it can be shown that the insurance cover relates to earning assessable income.  Income protection insurance is one example of the kind of cover that may provide an allowable tax deduction for premiums – such claims have been allowed by the

• 30 August, 2016

Running a successful small business sometimes requires an upskilled team. If you need your employees to grow their expertise in a particular area, spotting them for short-courses can be a worthwhile endeavour. When providing staff these courses, Tax & Super Australia has observed the following questions for employers to consider from a tax viewpoint. Can

• 24 August, 2016