Beware of the ATO Grinch Coming to your Party Except in limited circumstances, deductions are generally not allowable for entertainment expenses. ‘Entertainment’ is defined in s32-10 as: (a)        entertainment by way of food, drink or recreation, or (b)        accommodation or travel to do with providing entertainment by way of food, drink or recreation. Below is

  Like most accountancy firms we have a lot of sole traders, companies. partnerships and individuals we prepare tax returns for: Over the years you get to see a lot of things happen to these businesses. one area that can often remain forgotten is what would happen to the business if one of the key