Tag Archives: tax strategy

Seeking professional advice when starting a business

From 1 July 2015, the professional expenses associated with starting a new business, such as legal and accounting fees, are deductible in the year those expenses are incurred rather than deducted over a five-year period as was the case in … Continue reading

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Federal Budget 2015.

The Abbott government handed down its budget for 2015-16 last night Many key Budget announcements that comprised the Government’s small business package were announced (or “leaked!”) pre-Budget and confirmed in the Budget papers. These include: Accelerated depreciation across multiple areas … Continue reading

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The abridged version

Income Tax Exemption for Religious and Charitable Institutions Current Legislation Broadly speaking, the current income tax legislation prescribes that religious and charitable institutions are income tax exempt if they: have a physical presence in Australia and, to that extent, incur … Continue reading

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Exposure Draft – “In Australia” Special Conditions for Tax Concession Entities

This blog has been created in response to the recent Exposure Draft – “In Australia” Special conditions for Tax Concession Entities. It is intended to: keep tax concession entities informed act as a central point of reference for communication assist various interested … Continue reading

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