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1)Parking fines paid by a courier company.(2)Bank interest paid on a loan to a company, when the loa

by | Sep 9, 2023 | accounting

1)Parking fines paid by a courier company.(2)Bank interest paid on a loan to a company, when the loan funds were used to purchase additional manufacturing plant used in a business. The loan was secured by a mortgage over the private home of one of the directors of the company.(3)Golf Club membership that a self-employed taxpayer uses to entertain business acquaintances and play personal games of golf.(4)$6,000 paid by a company to bring a new employee up from Melbourne to take up a position with the company in Brisbane.Which of the above expenses would be allowable as a deduction?None of the listed expenses would be allowable as a deduction.Only expenses numbered (3) and (4) would be allowable as a deduction.All of the above expenses would be allowable as a deduction.Only expenses numbered (2) and (4) would be allowable as a deduction.Only expenses numbered (1) and (2) would be allowable as a deduction

  

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