Life Interests Testamentary Trusts

HOBBY OR BUSINESS?

Are you thinking of selling items online? Running a few cattle? Registering on Air B&B? There are so many ways of supplementing your income these days but you need to consider whether it’s a hobby or business. There can be many benefits of being a business but also tax and reporting requirements that you need to be aware of. Follow the link below to help you decide whether you are carrying on a business:

Please contact Andrew Marshall or Janine Orpwood at Langley McKimmie Chartered Accountants on (03) 5427 8100 to discuss further.
 
We provide accounting and wealth management services to clients in WoodendGisborne and Macedon Ranges areas within Victoria Australia.

The content within these articles was correct at the time of writing. Please contact us for updated information and advice. 

We provide accounting and wealth management services to clients in Woodend, Gisborne and Macedon Ranges areas within Victoria Australia.

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