When does a Tax Law Announcement Become Active
When an election is around the corner, there are usually many announcements made by the Government of the time to entice undecided voters...
What is depreciation for Tax Purposes?
Depreciation is the term used to describe the decline in value of an asset over the asset’s effective life. For example, a new car purchased
What is the CGT Active Asset Reduction?
The Active Asset Reduction is one of the CGT concessions available to small business entities. If your CGT asset passes the relevant tests,
Do I operate as a Hobby or a Business and what are the Tax implications?
An important distinction in the world of tax is the difference between a “business” and a “hobby”. Simply put, income received in the course
