Archive for October 2018

When a legal expense is incurred in relation to the operation of a business for the purpose of producing assessable income, it is generally allowable as a deduction. Exceptions are when the legal fee is capital, domestic or private in nature, if it is specifically excluded by another section of income tax legislation, or is incurred in earning exempt and non-assessable non-exempt income.

A dictionary definition of a trust is: “A fiduciary relationship in which one person (the trustee) holds the title to property (the trust estate or trust property) for the benefit of another (the beneficiary).”

Why create a trust?

It’s a question that the ATO has been asked very infrequently, but after the third such request it decided to issue a ruling – which still stands.

We speak with owner, James Nouri, on the success of his cafes and restaurants on the coast and discuss the challenges he and his team experience in the day-to-day operations of the business.

How do creative people come up with great ideas? Organisational psychologist Adam Grant studies “originals”: thinkers who dream up new ideas and take action to put them into the world.

A diversified investment portfolio has the potential to generate an income that you could use now or put away for your future. To achieve this desired income, you need to work with a financial adviser to set realistic goals and a clear plan for how you will achieve them. In this article, we help clarify what expectations you might set in order to achieve this desired investment income.

The thought of retirement planning seems to be looming in the back of many Australian’s minds, but is consistently pushed back when life events arise.

This month’s Client in Focus is Gourmet Organic Herbs.

We speak with Anibal on the success of his and his wife’s business and explore the challenges they currently face.

Can global capital markets become catalysts for social change?