Michael is the owner of several successful bars and restaurants in central Melbourne. Recently, Michael was invited to make a guest appearance on a new hit television show about small business success stories. For his efforts, Michael received a one-off payment of $15,000. Michael feels he should be allowed to exclude this payment from his usual business income.

Required 

Do you agree with Michael’s conclusion? 

This discussion must include an analysis of the pertinent sections of the relevant legislation, rulings, and the relevant case law. If relevant, students must show calculations.

Answer rating: 100% (QA)

Guest Apperance for a TV show Remuneration should not included in the usual bu... View the full answer