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JMR PARTNERS NEWS RESOURCES

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

Last-minute Tax Planning

Last-minute Tax Planning

This financial year is almost over, but there are still effective strategies you may be able to employ to make sure you pay the right amount of tax for the 2019-20 year and maximise any refund entitlement.

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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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