It is general in nature, for guidance only and is not intended to be personal advice. It should not be relied upon without obtaining professional advice regarding your direct circumstances.…
It is general in nature, for guidance only and is not intended to be personal advice. It should not be relied upon without obtaining professional advice regarding your direct circumstances.…
It is general in nature, for guidance only and is not intended to be personal advice. It should not be relied upon without obtaining professional advice regarding your direct circumstances.…
For individuals and small businesses, prepayments can be claimed in full provided the period covered by the prepayment does not exceed 12 months and concludes before the end of the financial year.…
At the very least it will keep your supplier on their toes and will provide further information to make better purchasing decisions reducing total costs. Keywords: Next Article.…
These are assets (other than collectables) kept primarily for your personal use and enjoyment. If acquired for $10,000 (excluding GST) or less, any capital gain is exempt. Capital losses from disposal of personal use assets cannot be claimed.…
It is general in nature, for guidance only and is not intended to be personal advice. It should not be relied upon without obtaining professional advice regarding your direct circumstances.…
You can claim a deduction for accident and sickness insurance premiums when the policy provides you with an income benefit during a period of disablement. This deduction is available to employees and self employed persons. Keywords: Next Article.…
From July 2008 the quarantining of foreign tax losses was abolished and these can be claimed against any other income. Keywords: Next Article. Disclaimer: We believe this information to be correct at the time of publication.…
Save Tax: Repairs and replacements. Repairs are generally tax deductible when they relate to property which is used for income producing activities.…