Buying a bargain could be risky business

Christopher Niesche Many small businesses are going cheap right now, but potential buyers shouldn't be seduced by low prices and the chance to be their own boss.

FINANCE

Write, which way should I pay my tax?

Business Maxims Q. I am a UK citizen, and am doing a spot of freelance writing. Should I be taxing myself through my ABN number?

BUSINESS MAXIMS

Hey Max, what about my tax?

Max Newnham Q. I know I need to obtain an ABN from any supplier but do I need to get one for the people I do work for?

How do I structure my employment and business incomes?

Max Newnham Over the years there have been many attempts by taxpayers to try and have employment income treated as business income so it can be split with spouses and children.

How taxing is a second job?

Max Newnham If you're continuing to work full-time while starting a new business, beware of the tax implications.