Businesses are complex and diverse and so is the taxation planning and strategic decisions that need to be made to ensure the correct tax is imposed. Abbotts understands the complexity of business in Australia and continuously seek out opportunities for our clients to protect their interests in respect to their taxation obligations.
Abbotts has extensive experience in all facets of tax deductible expense claims associated with running and managing a business enterprise. Our staff are highly trained and experienced in an extremely wide variety of industries and structures.
Employees may be able to claim a deduction for expenses that directly relate to their work. If the expense was for both work and private purposes, only the work-related portion of the deduction can be claimed. Work expenses reimbursed to you by your employer are not deductible.
These deductions are available to individual taxpayers, assuming relevant records have been kept. The team at Abbotts can assist you in understanding what expenses can be claimed as a deduction based upon its eligibility to the legislation.
Our clients strive to build wealth and financial security. Naturally enough that wealth is often investment oriented and generates both income and capital growth. Our role at Abbotts is to ensure that as much of the income and capital growth is kept and retained by our clients, minimising the impact of taxes through good planning and the application of a thorough understanding of taxation law.
David is our Tax Specialist and has worked in the tax and accounting field since 1982. David spent several years early in his career working in the ATO. He joined the Abbotts team in 1997 and became a Partner of the Practice in July 2000.