Things liquidating

15-Aug-2018 21:42

More often than we’d like to admit our choice of a private label product was not the best choice we could have made.

It’s either got too much competition or is not in a viable market to expect sufficient volume of sales.

Plus, CTV News contributor Richard Crouse breaks down Christopher Nolan's latest film "Dunkirk" and whether it's worth all the hype. Investigators are working to piece together her last hours. Stowaways discovered: Four men found in a shipping container in Montreal's port are thought to have spent as long as three weeks inside the box while travelling to Canada. Sweet expansion: A chocolate business started by a Syrian refugee in Nova Scotia is expanding, after their goods were quickly embraced by the community and tourists. "Dunkirk," the new war epic from director Christopher Nolan, could be one of those rare movies — rare like a unicorn or a modest Kardashian — that comes out in the summer and earns a Best Picture nomination, writes Richard Crouse.

Brad shares some amazingly generous tips on things you can do to sell your products and cut your losses. Anytime you run into a situation where your products are not selling as quickly or for as much as you had anticipated and you forecast that future sales will not be much different, you may be in a situation that requires that you liquidate your products, cut your losses, and move on to another product.

CGT arises when you sell or dispose of assets you acquired on or after 19 September 1985 (post-CGT assets), minus any capital losses.

Under certain circumstances, pre-CGT shares in a company and/or trust may become subject to CGT.

However, as the seller, you may be able to claim input tax credits for GST you paid on expenses relating to the sale.

Next step: These types of sales are 'input taxed' if you exceed the financial acquisitions threshold.

Brad shares some amazingly generous tips on things you can do to sell your products and cut your losses. Anytime you run into a situation where your products are not selling as quickly or for as much as you had anticipated and you forecast that future sales will not be much different, you may be in a situation that requires that you liquidate your products, cut your losses, and move on to another product.

CGT arises when you sell or dispose of assets you acquired on or after 19 September 1985 (post-CGT assets), minus any capital losses.

Under certain circumstances, pre-CGT shares in a company and/or trust may become subject to CGT.

However, as the seller, you may be able to claim input tax credits for GST you paid on expenses relating to the sale.

Next step: These types of sales are 'input taxed' if you exceed the financial acquisitions threshold.

See also: A going concern is a business that is operating and making a profit.