Is insurance tax deductible?

Business Insurance is usually a tax deductible business cost that can be included in your BAS statement.  GST-registered businesses also have GST deducted from any claims settlements and the GST portion of the claim can then be claimed back at the end of the financial year in their BAS statement.

If you've got insurance questions, Westralian Insurance can help!  Call our knowledgeable and friendly staff on (08) 9302 1388 or visit www.westralianinsurance.com.au