Providing a service & making a loss does not constitute a business, charities provide a service but make no money they are not a business.
If it is really a business & you intend to make future profits then losses should definitely only offset against future profits & therefore NG should be abolished.
Income streams from businesses, rental income, employment & interest should all be assessed separately & not be offset against each other.
- Forums
- Political Debate
- Franking Credits
Franking Credits, page-44
-
- There are more pages in this discussion • 164 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online