376 | Non-Commercial Loss Provisions for Partnerships
The non-commercial loss provisions for partnerships use the same rules as for sole traders. But then there are a few additional rules.
294 | Work-related Self-Education Expenses
In December 2020 Treasury issued a discussion paper labelled “Education and Training expense deductions for individuals”.
266 | Tax Deduct Your Home Loan
There are two ways you can tax deduct your home loan, but they aren't what you probably think.
98 | Food and Drink affects Income Tax, GST and FBT
Any food and drink is either a business expense or entertainment. Whether it is one or the other doesn't just affect income tax, but also GST and FBT.
94 | Gifts and Contributions
Every donation of money or property to a charity is either a gift or contribution.
93 | Minor Benefit Rule
The minor benefit rule is the one exception that turns a non-deductible contribution into a tax-deductible gift.
92 | How To Tax Deduct Business Lunches
Can you tax deduct business lunches? In principle No, but probably Yes.
91 | Deduct Travel Expenses
When you deduct travel expenses from your income you save tax. That is a good thing. But you are also more likely to get audited.
73 | Div 43
The deductions under Div 43 make up the bulk of a property investors deductions. And the good news is that the changes to Div 40 don't affect Div 43.
72 | Div 40
Div 40 is about the deprecation of plant and equipment. Since 2017 significantly curtailed but still better than nothing.
21 | Are tolls car or travel expenses
Tolls are travel expenses and subject to GST (just in case you were wondering). And it makes sense when you think about it.
5 | Tax Deduction for Entertainment
A business expense is tax deductible. Entertainment is not. Unless subject to FBT. So the all deciding question is: What is entertainment?
4 | Tax Deduction for Conference Travel
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.
3 | Tax Deduction for Fundraising Events
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.
2 | Tax Deduction for Gifts and Donations
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.
1 | Commissioner’s Effective Life of Depreciable Assets for 2019
The Commissioner publishes a Taxation Ruling each year listing the effective life of depreciable assets. Here is a handy overview for small operators.
61 | Property Depreciation
The rules around property depreciation are confusing at the best of times. Bradley Beer of BMT will walk you through the ifs and whens of property depreciation.
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