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Insolvency reform declarations due
The reforms are intended to reduce the cost of external administration for small businesses and the compliance burden for insolvency practitioners, thereby assisting more businesses to remain viable or increasing returns to creditors and employees in situations where they are not salvageable. -
Are gifts to your employees, clients, and suppliers claimable as a business expense?
For gifts such as wine, food, hampers, vouchers, etc., these are not considered to be entertainment. A gift made to a former or current client if the gift is characterised as being made for the purpose of producing future assessable income. -
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