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7 Things Businesses Can’t Claim as a Tax Deduction: Part 2– by Intuit Quickbooks
Posted by Team AVS on 31 May, 2016 0 CommentsTags: ATO, Business, Intuit, Quickbooks, Tax, Tax Deductions
Businesses can incur many expenses, but not all of them are tax deductible. Aside from things like entertainment expenses, phone use and certain business travel, we highlight additional expenses you should think twice about before claiming. While we’ve previously run through some of the popular mistaken tax deductions, you should be aware of a few more to avoid questioning and potential prosecution from the Australian Tax Office.
Find out exactly what is and isn’t tax deductible when it comes to travel expenses.
While transportation can be practically essential to earning an income, the costs of travel and transport aren’t always tax deductible. We explain situations where you can safely claim the cost of travel and transport and when you can’t.
The General Rule about Travel
The ATO generally does not permit individuals to deduct the cost of travel to and from
While transportation can be practically essential to earning an income, the costs of travel and transport aren’t always tax deductible. We explain situations where you can safely claim the cost of travel and transport and when you can’t.
The General Rule about Travel
The ATO generally does not permit individuals to deduct the cost of travel to and from
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