Inter-entity loans

Christmas Parties, Gifts and Tax Deductions – What’s Allowed? If your business is throwing a Christmas party, giving gifts to staff, clients and suppliers or paying a Christmas bonus to your employees, you’ll need to know what’s allowed for Christmas tax deductions and the BAS. Christmas business deductions are not always easy to work out!…

Why it’s Important to Track Inter-entity Loans Do you own more than one business? If you have related entities that pay for expenses on behalf of the other businesses you own, getting the bookkeeping and accountancy right for all inter-entity loans is essential to accurate financial reporting. It’s important to enter the same transaction into the accounting…