Tag Tax Deductions
On Tuesday 9 May, the Federal Government handed down its Budget for the 2017–18 financial year. According to Federal Treasurer Scott Morrison, this year’s Budget is founded on the principles of fairness, security and opportunity. Mr Morrison claims that the government’s proposed measures will raise almost $21 billion in revenue over the next four years,
The sharing economy is booming thanks to the far-reaching capability of the internet and the growing use of smart phones. While it might have started as a good way to get a little more cash and fun, people often are unaware that sharing their private home or car with strangers or doing the lawn for
At this time of year many individual taxpayers are looking around for what they can claim as a tax deduction, often Superannuation comes to mind. However a SMSF is a taxpayer in its own right, so what can be claimed as a tax deduction?