penalties

When a motor vehicle is used 100% for private purposes there is normally no tax deduction available on the expenditure. With this strategy an employee can generate annual tax savings of $2,500 – $3,000 pa by salary packaging their private motor vehicle with … Read More

If you’ve ever wondered which, if any, penalties, fines or interest could be tax deductible, here’s the latest on this topic. Outlined below are the general rules applying to business owners, employees, investors and retirees. Penalties or fines imposed as … Read More