Gifts and Donations

Gifts and Donations

Posted on Posted in Deductions, Tax Planning, Taxation

Gifts and donations You can only claim a tax deduction for gifts and donations to organisations that have the status of deductible gift recipients (DGRs). Deductions for gifts are claimed by the person that makes the gift (the donor). For you to claim a tax deduction for a gift, it must meet four conditions: The […]


Superannuation Contribution Limits

Posted on Posted in Small Business, Superannuation, Tax Planning, Taxation

Superannuation Contribution Concessional Cap Limits Superannuation contribution cap limits 2015-2016 need to be considered with the financial year finishing next week. There are two types of super contributions: concessional (before-tax) contributions non-concessional (after-tax) contributions. Types of concessional (before-tax) contributions include: employer contributions, such as compulsory employer contributions paid by your employer any additional pre-tax super […]

Motor Vehicle Claims

New rules for Motor Vehicle claims

Posted on Posted in Taxation

New Rules for Motor Vehicle Claims. Are you a sole trader or an individual in a partnership? Do you claim a deduction for business-related car expenses when you do your tax return? New rules for Motor Vehicle claims have been legislated. There have been changes to how you calculate your deduction. Read about the changes […]