Introduction to Deductions: General, Specific, Denied
By Lisa Greig
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30m CPD time
It’s all about deductions in this high level overview, including an explanation of what constitutes a general deduction, some specific deductions, disallowed or denied deductions and more.
In this session, we cover:
Overview of deductions
General deductions - Section 8-1
Specific deductions - Section 8-5 & Division 25
Denied deductions - Section 26
Prepaid expenses - Prepayment rules