Words of Wisdom We all have heard some tried and true pearls of wisdom to live by. With common questions most accountants are asked, particularly random people that we meet that jump at the chance to question an accountant, some of these apparent pieces of common sense, are not so common. Don’t […]
Sponsorship and Donations – a tax deductible good deed
The Good News Sponsorship Expenses paid by your business may be tax deductible. Where the recipient is registered for GST, the sponsor may be able to claim the GST credit on the expense. Section 8.1 of the Income Tax Assessment Act 1997 states ‘losses and outgoings to the extent that they are incurred in […]
