Business owners of private companies often borrow money from their own companies for all sorts of reasons. However, there is an area of the tax law that seeks to sanction against situations in which private companies dole out money to those within a business, in a form other than salary or dividends, that needs to be understood by business owners. This is known as Division 7A.
It's never too late to reinvent yourself. Take it from Paul Tasner - after working continuously for other people for 40 years, he founded his own start-up at age 66, pairing his idea for a business with his experience and passion. And he's not alone. As he shares in this short, funny and inspirational talk, seniors are increasingly indulging their entrepreneurial instincts and seeing great success.
We speak with Christian Simpson, founder of Chessplus, to talk about what inspired him to develop and refine such an interesting and slightly different concept of the traditional game of chess.
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