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Never start a business just to “make money” START a business to make a difference
~ Marie Forleo

Tax when you’re headed overseas

Tax when you’re headed overseas

Most people’s “to-do” list when they are planning a trip overseas will likely include items such as travel insurance, phone chargers or taking photos of their passport — but probably the last thing on anyone’s minds will be their likely tax situation before, during or after that trip-of-a-lifetime.

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Penalty interest can be deductible, under specific conditions

Penalty interest can be deductible, under specific conditions

A new ruling has been released by the ATO on the deductibility or otherwise of “penalty interest”. The term penalty interest refers to an amount payable by a borrower under a loan agreement when the lender agrees to early repayment of a loan. The amount payable is commonly calculated by reference to the number of months of interest payments that would have been received but for the early payment.

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The success combination in Business is: Do what you do better… and: Do more of
what you do…
~ David Joseph Schwartz

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