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What types of legal expenses are tax deductible?

What types of legal expenses are tax deductible? When a legal expense is incurred in relation to the operation of a business to produce assessable income, it is generally allowable as a deduction.

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Travel allowances (and retaining the exception to substantiate)

A travel allowance is a payment made to employees to cover accommodation, food, drink or incidental expenses they incur when they travel away from their home overnight or longer in the course of their duties.

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Choice 2692575 1920 site tool helps small business find the right advice

Need help with starting or growing your business? The government’s small business website hosts a free online tool to help businesses find government advisory services in their local area.

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ATO spells out its big FBT concerns

March 31 and the end of the FBT year is around the corner, so to help taxpayers get things right, the ATO has made public the fringe benefits tax issues that attract its attention.

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When Refinancing Feb 2018

When refinancing, loan interest can be deductible to a partnership

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.

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Rental Property Owners Feb 2018

Rental property owners lose some deductions

Legislation that came into law in the last half of 2017 makes certain measures first announced with the 2017 Federal Budget now a reality.

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