Money Doesn’t Come Without Guidance ...
If a taxpayer is affected by a disaster, for example, a flood, bushfire or storm, then the taxpayer can claim their loss of damaged or destroyed property. If a taxpayer's personal assets such as h...
The Capital Gains Tax (CGT) concessions for small businesses apply to provide a measure of CGT relief to eligible small business taxpayers for disposal of certain assets. Once the owner has qualifi...
When a liquidator or administrator declares that the shareholder or bondholder will receive no further distribution in case of winding up the company, then securities of that company become worthless....
Now and then, you may find that you have been penalised by the Australian Tax Office (ATO) for misconduct. This misconduct may arise for not taking reasonable care in claiming a deduction to which you...
Not-for-profit organisations are those which do not operate for making profit for their owners and other members, rather they operate for meeting its purposes only. However, ATO recognises an organisa...