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Barry is a barrister. On the days he is in court, he usually invites his instructing solicitors to lunch to discuss the cases he is
Barry is a barrister. On the days he is in court, he usually invites his instructing solicitors to lunch to discuss the cases he is working on. Over the law few months, Barry has incurred $3,300 (Incl usive of GST) in restaurant bills. Barry also travels extensively to meet with his clients and for w ork-related purposes, and his overall car expenses was $6,000. On weekends to get an extra in come, Barry has established a small business of online tutorial for law students. In the first year of operating his business, he made a loss of 10,000. While advertising his small business, Barry breached the Competition and Consumer Act, and he get $5,000 fine. By applying the relevant sections of the law, discuss all Barry's allowable tax deductions and tax offsets. (5 Marks) Barry is a barrister. On the days he is in court, he usually invites his instructing solicitors to lunch to discuss the cases he is working on. Over the law few months, Barry has incurred $3,300 (Incl usive of GST) in restaurant bills. Barry also travels extensively to meet with his clients and for w ork-related purposes, and his overall car expenses was $6,000. On weekends to get an extra in come, Barry has established a small business of online tutorial for law students. In the first year of operating his business, he made a loss of 10,000. While advertising his small business, Barry breached the Competition and Consumer Act, and he get $5,000 fine. By applying the relevant sections of the law, discuss all Barry's allowable tax deductions and tax offsets
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