Claiming small business tax deductions

Course feedback

Rate your experience for each of the statements below.

1. Select the option that best describes your situation.

I'm a small business owner

I'm a BAS/Tax agent, accountant or similar

I'm not in business yet

Other

2. What is your business structure?

Sole Trader

Partnership

Company

Trust

I'm not in business yet

Other

3. Select your industry

Building & construction

Hair & beauty

Hospitality

IT services

Retail

Security Services

Sharing economy

Other

4. How easy or difficult was the content to understand?

Very easy

Easy

Neither easy or difficult

Difficult

Very difficult

5. Did you find the information in this course useful?

Somewhat

Yes

6. As a result of completing this course do you need to (and will you) make changes to the way you manage your tax requirements?

Yes

Please add any other comments or suggestions below to help us improve, however we are unable to action or respond to any queries or requests for assistance.

What are deductions and what can I claim?

5 mins

Business deductions and the 3 golden rules	0%
The 3 main groups of expenses	0%
Deductions if your business is not registered for GST	0%
Deductions if your business is registered for GST	0%
Activity: golden rules of tax deductions	0%
Activity: when to claim	0%
Activity: can I claim this?	0%
Activity: deduction limits	0%

Accounting for private use of assets

9 mins

Private use of business assets	0%
Using trading stock for private purposes	0%
Avoiding mistakes	0%
Common mistakes	0%
Claiming deductions for private assets	0%
Incorrectly apportioning deductions	0%
Private company benefits giving rise to a deemed dividend	0%
Creating an FBT liability	0%

Expenses you can deduct immediately

6 mins

Certain business start-up expenses	0%
Operating expenses	0%
Business travel expenses	0%
Activity: Greg’s travel deductions	0%
Workers’ salaries, wages and super contributions	0%
Repairs, maintenance and replacement expenses	0%
Activity: expenses you can deduct immediately	0%

Expenses you can deduct over time

6 mins

Expenses you can deduct over time	0%
Prepaid expenses	0%
12-month rule	0%
Prepayments excluded from the prepayment rule	0%
Deductions for depreciating assets	0%
Activity: prepaid expenses	0%
Activity: Jackson’s cleaning business	0%
Activity: depreciating assets	0%

Expenses you can never deduct

2 mins

Expenses you can’t deduct	0%
Activity: hobby expenses	0%
Activity: Thandi’s deductions	0%

Motor vehicle deductions

6 mins

Claiming motor vehicle expenses	0%
Calculating motor vehicle expenses	0%
Activity: motor vehicle deductions	0%
Activity: Alex's motor vehicle expenses	0%

Record keeping for small business deductions

3 mins

Keeping accurate and complete records	0%
Operating and other expenses records	0%
Business travel expenses records	0%
Motor vehicle deductions records	0%
Activity: business travel expenses	0%
Activity: motor vehicle deductions	0%

Related courses

1 mins

Related courses	0%

Course feedback

Course feedback	0%