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Taxation

End Of Financial Year Laugh

Welcome to the Small Business Treasure Chest for the last time this 2020 financial year. In our chest, we have some funny deductions that taxpayers tried to claim in their tax returns without much success. Enjoy the laugh!  Put a smile on your dial by reading the jewels below. If you have missed our previous Jewels, check them out HERE.   LEGO A taxpayer claimed the Lego sets they bought…

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Cash Flow, Small Business, Taxation

Capital Loss from Shares to Reduce a Capital Gain – Another Jewel from our Treasure Chest

Welcome to the Small Business Treasure Chest. I have opened the lid of the chest and found another amazing jewel once again to share with you. If you have missed our previous Jewels , check them out HERE.   This  jewel I have found, is all about Capital Gains Tax and Shares. If  you have a Capital Gain in 2020, you can reduce this Gain with a capital loss. Now…

Cash Flow, Taxation

Another Jewel with Superannuation to help you reduce your tax bill for 2020

Welcome to the Small Business Treasure Chest. I have looked inside our chest again and found another two amazing super tricks to share with you. Join me over the next few weeks to view other very helpful tips that will help you reduce your Income Tax for 2020. This jewel again involves  Superannuation Contributions. How would you like the government to contribute to your super? Sure you would!  We all…

Cash Flow, Small Business, Taxation

Jewel #3 from our Treasure Chest to Reduce your tax bill for 2020

Welcome to the Small Business Treasure Chest. I have looked inside our chest again and found some amazing jewels to share with you. Join me over the next few weeks to view these very helpful tips that will help you reduce your Income Tax for 2020. The third jewel I have found is all about Superannuation Contributions. The maximum amount a person can contribute to their superfund for 2020 without…