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Get Au Su580 2014

Business may be deducted from your business income. Deductions for superannuation paid to an employee’s accounts are allowable in certain circumstances. Ask us for more information. Some legitimate deductions under tax law are not allowed for our income assessment purposes. These include: • Prior year losses (section 8-1 of the Income Tax Assessment Act 1997) • Offsetting of losses Losses can be offset only in some situations. Ask us for more information. • Superannuation contributions f.

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