Short answer is "No". I actually think it wouldn't even be deductible should you have accepted and taken the ski job, but no doubt the agency told...
Long term investing looks more like capital account than revenue account. If that's the case and you are eligible for the general discount (CGT...
Hate to be pessimitic, but short answer is no, not much. Debt finance for unsecured is very hard for business IMO at the moment and retail is...
As per RobG, I think a Hybrid Trust would be a good alternative. Not a Hybrid in the sense of the ATO's target (e.g. property trusts and interest...
If the giver is in Oz and they are on age pension etc. then the gift is still counted towards their assets.
Bump. Bump.
You have 2 Options 1. Most common - health insurer applies Offset to your premium and you pay the lesser amount. 2. You pay the full premium and...
Living-away-from-home allowance fringe benefits
Bundy has a good suggestion - the LOC option. Often far easier to set up than applying for a commercial loan and the requirements can be quite...
I pretty much agree with GregR's comments above. I'd add that I do get wary of Hybrid trusts and borrowings with respect to the deductibility of...
I agree with Rob G. This is like the client who says because they have put signage on their car, the cost of running the car is now deductible.
What about B1 and B2? What are they up to? Get your hands on a copy of the Trust Deed, it spells out the rules of the Trust and the powers of...
Good replies SuperMan and GregR:D
The second question is much harder to answer and really needs specific advice. There can be possible disadvantages of taking wages (for high...
Very Basically... Weekend work - yes you should have an ABN and if you don't provide it they should be withholding 46.5% from each payment....
Simply, companies do pay tax at 30% on Net Profit. Net Profit = Sales - Expenses Income Tax = Net Profit x 30% Retained Profits = Net...
Hi All Just wondering if there are any interested business owners looking for referral growth for their business. I'm a member of a group...
Set the budget...then track it. I know it sounds An@l but it keeps it in your sights. So check it each month !!! Its amazing how many silly...
I would think not on a couple of fronts.... 1. Except for a few exceptions you can't buy from yourselves or associates - residential property is...
Press Release - Release of Report into Personal Services Tax Laws [16/12/2009] The Taxation Board has been reviewing PSI, seperately to the...
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