When you start a pension, you need to make minimum pension payments. Otherwise your fund loses its tax exempt status.

Can you withdraw from accumulation accounts in your SMSF? If you have met a condition of release, the answer is Yes. If you haven’t, the answer is a big No.

A business expense is tax deductible. Entertainment is not. Unless subject to FBT. So the all deciding question is: What is entertainment?

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.

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.

The tax deduction for gifts and donations sits in Division 30 of ITAA 97 Deductions for Gifts and Contributions. There is a lot in that title. Let’s dissect it.

The Commissioner publishes a Taxation Ruling each year listing the effective life of depreciable assets. Here is a handy overview for small operators.