Draft legislation to provide eligible recent retirees a one-year exemption from the work test for superannuation contributions has been released
Non-business travel costs connected to residential rental properties are not deductible. The Australian Taxation Office has finalised its ruling on the rules that deny a deduction for travel expenditure incurred by investors in residential property.
The Government and Labor have agreed to bring forward planned small business tax cuts; reductions in the corporate tax rate and small business offset have also been accelerated
Whilst all the fun and festivities for Christmas are in complete overdrive, there needs to be a time where you need to become the business Grinch and consider whether your Christmas party is tax deductible.
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