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Tax Talk Newsletter Summer 2019
Family Business Planning Over Summer - The summer holidays offer a good opportunity to get together and discuss plans for your family business. But there are some rules you should follow to make sure it’s only the barbeque that gets heated! Dinner discussions: Why they're important Working in any family business – where two or more family members work in a business owned ...
Hobby or Business?
You sell the odd hand-knitted scarf to friends, or maybe you sell your knitwear every week at local markets. Regular sales can mean you’re in business, and have tax obligations to fulfil. Questions to ask yourself It's important to understand the differences between a hobby and a business. A small side hustle you’ve been doing for years could be classed as a ...