Tax Deductions Australia

Deduction for Work-Related Motor Vehicle Expenses Disallowed

By Warren Kruger / October 6, 2020 / 0 Comments

| | | In a decision of the Administrative Appeals Tribunal, a taxpayer, Mr Bell, was a denied a deduction for $21,565.73 of work-related vehicle expenses for the 2016 income year. Mr Bell, was a construction worker who predominantly worked on a construction site in an eastern suburb of Melbourne and lived approximately 100 kilometres […]

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Motor Vehicle Registries Data Matching Program Protocol

By Warren Kruger / September 10, 2019 / 0 Comments

  | | | The ATO will match the data provided by the State and Territory motor vehicle registering authorities against the ATO’s taxpayer records with the objective of identifying those who may not be meeting their registration, reporting, lodgment and payment obligations. Details will be requested where records indicate a vehicle has been transferred […]

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“Outrageous” Deductions Rejected

By Warren Kruger / September 7, 2019 / 0 Comments

  | | | The ATO has published some of the most unusual claims that they disallowed last financial year. Nearly 700,000 taxpayers claimed almost $2 billion of ‘other’ expenses, but the ATO’s systematic review of claims had found, and disallowed, some very unusual expenses, including: claims for Lego sets bought as gifts for children, […]

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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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