The previous 24 months of turbulent economic conditions have never been witnessed previously, not only for Australia, also globally. Many of the world’s super powers have been brought to their knees ...

TAX TIPS

BAD DEBT WRITE-OFFS
Bring to account all bad debts that are classified as “Bad Debts”. If you fail to account for them you will be paying tax on the profits without allowing for any write-offs. There are procedures to follow with these write-offs.