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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.

Something profound is changing our concept of trust, says Rachel Botsman. While we used to place our trust in institutions like governments and banks, today we increasingly rely on others, often strangers, on platforms like Airbnb and Uber and through technologies like the blockchain. This new era of trust could bring with it a more transparent, inclusive and accountable society – if we get it right. Why do you trust?

This month’s Business in Focus is Intouch Hair Creations.

We speak with owner, Amanda Kassis, on the recent startup of her new hairdressing business and discuss the challenges she and her team have overcome.

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.

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.

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.

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.

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.

Can global capital markets become catalysts for social change?