Redfish Co recently lost their in-house tax accountant and the accounts clerk, Mary, is concerned as there are a number of transactions during the year that she has no idea how to treat for tax purposes.

An employee has misappropriated $2,000 during the year.

Redfish Co. arranged a 5-year loan on the 1st of July to increase their working capital, it cost them $3,000 in establishment fees.

Redfish Co. took out a new lease during the year. They paid $800 to lawyers for preparing the lease and a lease premium of $3,200.

Mary notices there are amounts for estimated doubtful debts, debts written off during the year and estimated bad debts, all of which she has no idea how to treat.

Redfish Co. incurred a fine of $2,000 it was ordered by a court to pay.

Overseas trips for the director to attend a management conference and assess the viability of a new venture costing $20,000.

Redfish Co. acquired a fishing boat to add to their fleet but it did not meet the safety requirements of their fishing boats. They incurred costs of $3,000 ensuring that the boat met the safety requirements.

Mary wants to know if the fees charged for tax advice would be deductible?

Required: Advise Mary as to the correct tax treatment of each transaction listed above. show calculation with working note.