Tag Archives: Tax

Non-commercial losses

If you have a net loss from a business activity you carry on as an individual, either as a sole trader or in partnership, the non-commercial loss rules will apply. These rules determine whether you can use your business loss … Continue reading

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Henry tax review to examine company tax reduction

In a recent speech, Dr Ken Henry discussed some progress of the review into the tax system. Some of the points he raised included: • the review panel needs to seriously consider the merits of a reduction in the company … Continue reading

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Small businesses to get (temporary) tax relief

MORE than a million small businesses will get relief on their tax bills in the new year to help cope with the economic slump. In a fresh move to prop up the economy, the Federal Government will cut the December … Continue reading

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