Business owners: Did you know that if your business’ expenses have been greater than your income, you may be able to claim a loss? You can generally carry forward a loss and claim a deduction for your business in a future year, or you may be able to offset current year losses. Assistant Commissioner Andrew Watson explains what you may need to consider this tax time - watch our video and learn more at www.ato.gov.au/Business/Income-and-deductions-for-business/Losses/?=redirected_businesslosses |