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New Financial Year, New Image…
Welcome to the new financial year A new financial year is often seen as new start for many businesses. It is a time when new goals are set, a time when new ideas are considered and a time when the team is energised to begin again. Like other businesses, Team PTAM have...

Tax Planning – Time For Your Trust Resolutions
With the 2017 Financial Year coming to an endย we want you to be aware that if you use a trust, you need to complete your trust distribution resolutions before 30 June. Why? To avoid paying extra tax of up to 49% of Trust profits. Trustees who distribute income of a...

Can You Claim a Deduction on Interest Borrowed to Pay Your Tax Debt?
There is good news and there is bad news. This may sound like an odd rule, but claimingย a deductionย for interest borrowed to pay your tax debt isย an allowable expense, as long as you are running a business. In 1990,ย the ATO was asked about the tax deductibility of...
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