Assessment 1 of BLO2206 Taxation Law and Practice Topic:Distinguishing a hobby from a business‚ explaining how legislation and case laws determines whether an activity is a business or hobby. Further to make a comment on the impact of a determination by the ATO on whether a taxpayer’s activity is actually a business. Distinguishing a Business from a Hobby Activities are classified in terms of a business or a hobby and it is important that the two are separated. The difference depends
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Why Running is the Perfect Hobby for Nerds I was focused on the start line ready for the first race of my track career. Not knowing at the time how running would have such a great impact on my life. Running has always run in my family (pun intended). I began running in elementary and developed a deep passion for running as I got older‚ and I have found a few reasons how the nerd culture and running go hand in hand. For the most part‚ running is an individual sport‚ which is perfect for the socially
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our time. To my mind‚ hobbies‚ on the contrary‚ represent a connection of times and remain permanent. In this essay I will try to prove this point of view. To begin with‚ sports were people’s most popular interests at all times. There is no fashion that can make a person go out on a court and suffer pain just to feel real satisfaction afterwards. Kinds of sports do change in time‚ but people’s addiction to sport remains unchanged. Secondly‚ reading that seems to be an eternal hobby‚ never goes
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[insert name of school]. As you face a new academic year‚ my advise to you in our elementary school graduation speech is... Premium Implementation Of Feeding Program In Obrero Elementary School identified factors to the implementation of feeding program in Obero Elementary School. Significance of the Study This study is significant to the following target... Premium How i Felt On The First Day Of Kindergarden just like I am. Now its my very first day of kindergarten. Boy I was scared. The memories
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Hemsworth "Volleyball was the hardest thing I’ve ever had to do." This statement is true because volleyball is a hard sport. Some people like basketball‚ and other people like softball. Many people prefer a physical sport other than a mental sport. A lot of people would rather play volleyball. How volleyball became a game has a very intriguing history. The history of volleyball includes the inventor‚ the ball‚ the rules‚ the positions‚ and beach volleyball. The man who invented volleyball was not
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MY DAY I want to tell you about my daily routine. Every day I usually get up at half past 8 in the morning. I make my bed. I just don’t like when my room is messy. Then do some exercises. Usually I take a shower in the morning. I go to the bathroom where I wash my face and brush my teeth. After this I do not feel sleepy at all. I feel full of energy and ready for the new day. Then I make breakfast for myself. I usually have porridge‚ omelet or pancakes and a sandwich with tea for breakfast
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4. ‘Reading is a dying hobby in this multimedia age.’ Is this true? Reading as a pastime has been likened to an endangered animal facing extinction from the threat of the poachers — in this case‚ the multimedia age. It has been said that reading as a hobby is gradually losing its appeal as opposed to Internet gaming‚ blogging (writing an online diary)‚ listening to podcasts and ipods and watching popular drama series on television. Evidently‚ many more forms of recreation and leisure are rising
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Hobby is activity that individuals do for pleasure on the spare time. Most of us have hobby because having a specific interest on something makes our physical and mental balance. We choose hobby base on our own interest and practice it on a regular basis. In today’s fast moving society‚ many people experience stress on a daily basis. This can cause them many sleepless night. Stress affects us mentally‚ physically and emotionally. One of the best ways of dealing with stress is having a hobby. The
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tell you about my hobbies. My favourite hobbies are playing basketball‚ playing volleyball‚ drawing and listening to music. Firstly‚ I feel a great sense of enjoyment from playing basketball because basketball gives me lots of fun and happiness. Basketball not only releases a lot of the stress which I get from school and homework but it also helps me keep fit. I also chose basketball as one of my GCSE PE options. I got a good grade for it too which makes me feel proud of my efforts to do try
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Larry devotes the majority of his time to his dog-racing activities‚ he feels it should be considered a business and should be allowed to deduct his losses against their other income. Issues Is Larry’s professional gambling considered a business or a hobby by the IRS? Would Larry be able to deduct the loss he incurred in his “business” against their other income? Conclusions Larry’s professional gambling is considered a business since he has no other income and spends 50 to 60 hours a week on his gambling
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