Claiming Business Deductions
How small business owners should think about deductible expenses and supporting evidence.
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Tax & Deductions
Business deductions, vehicle expenses, home office expenses and tax planning.
Motor Vehicle Expenses for Business
What business owners should record before claiming vehicle costs or reviewing business use.
Read guideHome Office Expenses for Small Business
What records and review points matter before claiming working-from-home or home office costs.
Read guideSmall Business CGT Concessions Overview
An overview of the small business CGT concessions that can reduce tax when selling a business or business asset.
Read guideDepreciation and Asset Write-Off Basics
How depreciation and the instant asset write-off work for small business assets, and the records that support each claim.
Read guideDivision 7A Basics for Company Owners
Division 7A explained in plain English: why taking money out of your company the wrong way can create a deemed dividend.
Read guideTrust Distribution Basics
How trust distributions work, why the June 30 trustee resolution matters, and the records trustees should keep.
Read guideCompany Tax Return Preparation Overview
What goes into preparing a company tax return: reconciliations, franking, losses and the documents your accountant needs.
Read guideSole Trader Tax Basics
How sole traders are taxed: individual rates, business income, deductions and PAYG instalments explained simply.
Read guidePartnership Tax Basics
How partnership income flows through to partners, what the partnership return reports, and common record traps.
Read guideTrust Tax Basics
How trusts are taxed, what beneficiaries report, and why timing of resolutions and distributions matters.
Read guideFringe Benefits Tax Overview
An overview of fringe benefits tax: which perks are caught, the FBT year, and common small business examples.
Read guideEntertainment Expenses Basics
Why entertainment expenses are mostly non-deductible, where FBT enters the picture, and how to record them properly.
Read guideContractor Payment Reporting Basics
Who must lodge a Taxable Payments Annual Report (TPAR), which contractor payments are reported, and the August deadline.
Read guideRental Property Records for Business Owners
Rental property records for business owners: income, expenses, loan interest and depreciation schedules to retain.
Read guideInvestment Income Record Keeping
Keeping investment income records straight: dividends, franking credits, interest and managed fund statements.
Read guideCryptocurrency Record Keeping Basics
Crypto record keeping basics: what the ATO expects you to track for every acquisition, swap and disposal.
Read guideATO Payment Plans Overview
How ATO payment plans work, who can set one up online, and what keeping a plan on track requires.
Read guideATO Interest and Penalties Overview
ATO interest and penalties explained: how GIC accrues, common penalty triggers and when remission can be requested.
Read guideEOFY Business Checklist
An end-of-financial-year checklist for small business: reconciliations, stocktakes, super timing and document collection.
Read guideProfessional Fees and Subscriptions
Professional fees and subscriptions: which are deductible, how to apportion mixed use and the evidence to keep.
Read guideTraining and Education Expenses
Training and education expenses: when upskilling is deductible for a business and the connection tests that apply.
Read guideTravel Expenses for Business
Business travel expenses: what's claimable, the records for trips, and how mixed business-private travel is handled.
Read guideMeals and Entertainment Record Keeping
Meals and entertainment records: separating deductible sustenance from entertainment, and the FBT interactions.
Read guideGifts and Donations Basics
Gifts and donations: when they're deductible, DGR status, and how client gifts differ from entertainment.
Read guideBad Debts Basics
Bad debts: when an unpaid invoice can be written off, the GST adjustment, and the evidence the ATO expects.
Read guidePrepayments Basics
Prepayments explained: when expenses paid in advance are deductible now versus spread over time.
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