Small business is a passion. It often involves working long hours, not always getting paid etc. Is it all worthwhile tax wise when it comes to selling the business?

The court decided the concentrate included the intellectual property rights to also use the brand in conjunction with just bottling the concentrate. Does that mean the entire concentrate payments are subject to royalty withholding tax

Focus on what the tax professionals are thinking about as we head into 2024.

“In our first episode we discussed assessable income, including what amounts are assessable and when (meaning in what year) these amounts are included in your return. In this episode we turn our attention to reducing that income through allowable deductions.

Taxation Fixation – Episode 1 – Assessable Income

thinking our way through the Australian tax system”. A deep dive into the fine print…..

What is income?

Whose income is it (mine or somebody else’s)?

When is the amount income?

What isn’t income?”