Political Donation Tax Deduction

By Roger 20 November 2021Political Donation, Bookkeeping, Business, Deductions, Expenses, Properties, Tax Tips

Political Donation and Tax Deduction Is Political Donation Tax Deduction available? do not assume the answer is yes. What is a political donation A political donation is a gift made…

What is fuel tax credits

By Roger 23 October 2021BAS, Bookkeeping, Business, Cars, Company, construction, Expenses, Fuel tax credits, Motor vehicles, Record-Keeping, register, Tax Tips

What is fuel tax credits? Fuel tax credits provide your business with a credit for the fuel tax (excise or customs duty) included in the fuel price. If you claim…

The right way to claim a tax loss

By Roger 12 October 2021Business, Can and Cannot, Company, Deductions, Expenses, income, Loss, Record-Keeping, Tax Loss, Tax Tips

Generally, you make a tax loss when your business expenses are more than your income. If you make a tax loss, you may be able to: claim it in the…

Small businesses – Temporary full expensing & Loss carry back

By Roger 10 October 2021Business, Company, LCB, SME, Tax Tips, TFE

Are you a small business? Temporary full expensing & Loss carry back You may be eligible for temporary full expensing if you are one of the following: a business with…