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News · Posted 19.03.2019

March 2019 Newsletter

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A business facing the prospect of effectively dealing with losses could find their task a little easier with a more relaxed version of the “same business” test put in place by the ATO.

We also warn about the new rules that can deny a deduction for some business payments if certain reporting obligations are unmet.

Also dusted off is the (now restricted) place for claims of travel expenses in relation to rental properties, and a reminder of the at-times forgotten role that valuations can play with regard to tax and property.
Please contact us for clarification, or further advice, regarding any of the topics covered in this newsletter.
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