Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Ellie runs a labour hire firm in which she provides suitably qualified staff to businesses involved in the hospitality industry including hotels, motels and restaurants.
Ellie runs a labour hire firm in which she provides suitably qualified staff to businesses involved in the hospitality industry including hotels, motels and restaurants. She has three full-time staff. She incurred the following expenses in the current tax year ended 30 June in relation to her business: Reimbursements of $7000 paid to her staff to cover actual travel/accommodation expenses but not food and drink incurred by her staff in carrying out their duties during the year. Food and drink costs of $5200 paid to restaurants to entertain prospective clients of the business. Food, drink and accommodation costs of $1700 incurred by Ellie to attend a work related conference in Brisbane. The $1700 incurred consisted of $400 in food costs, $500 for the cost of accommodation and $800 for the cost of the conference. Ellie had to spend two nights in Brisbane to attend the conference.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Based on the information provided Ellie can claim the following expenses as tax deductions for the c...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started