Monthly Archives: August 2015

Tax Deductions

Tax Deductions

Tax deductions misconceptions: What you can’t claim Here are some misconceptions about deductions that many taxpayers commonly believe to be claimable, but are typically rejected by the Tax Office. While some are obviously not allowable...

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SMSF Retirement TTR

SMSF Retirement TTR

How to give your SMSF a boost in retirement While providing income for retirement is the obvious purpose of a pension paid from a self-managed superannuation fund (SMSF), there are some issues to consider before drawing a pension from your SMSF...

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Work-related expenses in the firing line

Work-related expenses in the firing line

With Tax Time 2015 in full swing, the Tax Office has flagged that it will pay particular attention to work-related expenses. It says it’s an area that adds up to about $19.5 billion in tax deductions each year. In previous years, the Tax Office...

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GST Going Concern sale of business

GST Going Concern sale of business

The concept of the “going concern” exemption for GST purposes can still cause confusion when businesses are sold, despite the fact this exemption has been in place for many years. A “going concern” refers to an enterprise’s ability to continue...

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