It is possible to receive amounts that are not expected by the ATO to be included as income in your tax return. However some of these
amounts may be used in other calculations, and may therefore need to be included elsewhere in your tax return.
Refinancing loan interest may be deductible to a partnership
A general law partnership is formed when two or more people (and up to, but no more than, 20 people) go into business together. Partnerships
are generally set up so that all partners are equally responsible for the management of the business, but each also has liability for the
debts that business may incur.
Government agencies regularly access data contained in the ABN registration, and where this is not up-to-date the taxpayer may be missing
out on stimulus measures, grants, and other government support.