borrowings Archives - Salisbury Accountants

Legal expenses and tax deductibility

July 8, 2019/in Business Advice /by Salisbury Accountants & Business Advisors

Do you have a legal expense?

Is it deductible?

When a legal expense is incurred in relation to the operation of a business to produce assessable income, it is generally allowable as a deduction. Exceptions are when the legal fee is capital, domestic or private in nature, if it is specifically excluded by another […]

Tax planning tactics for individuals

June 24, 2019/in Accounting /by Salisbury Accountants & Business Advisors

EOFY last-minute tax planning tactics for individuals

This financial year is almost over, but there are still tactics you may be able to employ to make sure you pay the right amount of tax for the 2018-19 year.

While the best strategies are adopted in July (that is, as early as possible in a financial […]

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Is it deductible?

This financial year is almost over, but there are still tactics you may be able to employ to make sure you pay the right amount of tax for the 2018-19 year.