Tax Deductions Australia

Cash In Hand Payments To Workers No Longer Tax Deductible

By Warren Kruger / July 5, 2019 / 0 Comments

  | | | The ATO has reminded employers that any cash in hand payments made to workers from 1 July 2019 will not be tax deductible. ‘Cash in hand’ refers to cash payments to employees that do not comply with pay as you go (‘PAYG’) withholding obligations. Payments made to contractors where the contractor […]

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When Refinancing, Loan Interest Can be Deductible to a Partnership

By Warren Kruger / February 6, 2018 / 0 Comments

A general law partnership is formed when two or more people (and up to, but no more than, 20 people) go into business together. Partnerships are generally set up so that all partners are equally responsible for the management of the business, but each also has liability for the debts that business may incur. As […]

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Key Factors for Rescuing a Bad Debt Deduction

By Warren Kruger / February 2, 2018 / 0 Comments

It is very often the case that unpaid debts owed to a business can have a significant impact on cash flow and the ongoing profitability of a business. In a taxation context the characterisation of a particular debt as either “doubtful” or “bad” is key as to whether or not the writing off of that […]

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Accelerated Depreciation For Small Business Has Been Extended.

By Warren Kruger / July 16, 2017 / 0 Comments

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 that extends that measure by 12 months until June 30, 2018, after which the deductibility threshold […]

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ATO Waves a Red Flag On Deductions For Holiday Rentals

By Warren Kruger / July 2, 2017 / 0 Comments

Just when many Australians are considering getting away for a mid-winter break, the ATO is reminding taxpayers that it is paying close attention to rental properties located in popular holiday destinations around Australia. The ATO recently issued a statement saying that last year it identified a large number of mistakes with deductions for rental properties, […]

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wheelchair traveller

Are Personal Carer Travel Costs Claimable? It Depends …

By Warren Kruger / May 11, 2017 / 0 Comments

A recent Administrative Appeals Tribunal decision has ramifications for taxpayers with disabilities, and who are in need of a personal carer.  The decision centres around what is or is not acceptable as a tax deduction in relation to the costs that arise with regard to that carer under certain conditions. The circumstances of the taxpayer concerned in the case are particularly relevant, […]

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