Part VII Your business
The objective of the Coalition, over time, is to reduce the overall tax burden on business and taxpayers, not to increase it.
Joe Hockey (1965–)
There comes a time in everyone's life when you think — even for just one moment — about running your own business. As a business owner myself I can tell you that running a business is gratifying and can offer you many rewards and benefits. But it brings with it quite a few nightmares along the way.
Before you get too caught up in complicated tax structures and tax planning, the first thing you must consider is whether you are actually running a business or merely practising ...
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