Latest news with #Luscombe
News.com.au
9 hours ago
- Business
- News.com.au
Business listed for sale complete with a camel called Sandy
A unique business opportunity is for sale, and it comes complete with a camel called Sandy. Operating at EcoPark Fishing Park & Farm Stay, the 3.11ha site is located at Luscombe, which is located between Brisbane and the Gold Coast. Listed with Ray White Shore Group, 2 Hall St is zoned Commercial and classified as a Special Tourist Attraction. It boasts 'beautifully landscaped grounds featuring fishing ponds, open picnic areas, native wildlife, and engaging family-friendly activities'. At the entrance is a retail gift shop and fully operational kitchen, servicing visitors and guests throughout the week. An onsite property also provides a steady income stream. The business website describes it as a fishing park and farm stay. There are two accommodations types - the EcoPark Lodge and overnight camping for one group only. Exclusive overnight camping starts at $499 for four people, with an additional $75 per person, right up to $1500 for 20 people, and $75 per person after that. EcoPark Lodge is a self-contained house that sleeps up to 18 people. Activities include fishing, with all gear supplied, a 36-hole mini golf course, animal and bird feeding, a jumping castle, paddleboats. waterbikes, large boardgames, swings and slides, table tennis and football. There is also pedal go karts, 4WD buggy rides and tours. The catch and release fishing involves try to land one of the thousands of fish within the ponds, including Barcoo Grunter, Sooty Grunter, Silver Perch, Eel-tailed catfish, Australian Bass, Golden Perch (or Yellow Belly) and Murray Cod. 'Our catch and release policy ensure that there are plenty of fish for all to enjoy catching,' the website says. ATO's dragnet: Millions of side hustles face shock tax bill And as for the other animals, these include Sandy the Camel, rabbits Miss Poppins and Lady Blue, a number of macaws, deer, and Dorothy the Pig. The website also says that a shark and ray encounter is 'coming soon'. There is also peacocks, donkeys, sheep, goats, guinea pigs, ducks, turkeys and baby chicks.
Time Magazine
20-05-2025
- Business
- Time Magazine
TIME100 Most Influential People in Philanthropy 2025
TIME100 Philanthropy 2025 These are the 100 most influential people shaping the future of giving at a pivotal moment. How We Chose the List All Titans Leaders Trailblazers Innovators Titans David Beckham Still Wants to Win Champion of change bySean Gregory Michael Bloomberg 2024's biggest donor byJustin Worland Oprah Winfrey Female education—and much more byBelinda Luscombe Melinda French Gates A focus on women, girls, and families byBelinda Luscombe Warren Buffett Reshaping philanthropy byAlana Semuels Dolly Parton Longtime giver byAlana Semuels K. Lisa Yang Supporting scientific research byKerri Anne Renzulli Aliko Dangote Giving back to Africa byPenelope Wang Alice L. Walton Funding art and holistic health byBelinda Luscombe Ken Griffin High-impact giving byEllen Chang MacKenzie Scott Rewriting the rules of philanthropy byBelinda Luscombe Li Ka-shing A 'Superman' of giving byCharlie Campbell Reed Hastings and Patty Quillin Funding education byAlana Semuels Mukesh Ambani and Nita Ambani Empowering millions byEllen Chang Carlos Slim Helú Giving big in Latin America byEllen Chang Jacob Pruitt Stewarding billions byPeter Carbonara Azim Premji Improving education in India byTharin Pillay Tim Gill and Scott Miller Champions of LGBTQ+ rights byPeter Carbonara Robert F. Smith Lifting up young people of color bySteve Friess Penny Knight and Phil Knight Investing in communities bySean Gregory Michael Dell and Susan Dell Focus on education byBelinda Luscombe Steve Ballmer and Connie Ballmer Wildfire relief bySteve Friess Asha Curran Appealing to human generosity byKerri Anne Renzulli Leaders Darren Walker Driving transformation bySteve Friess Elizabeth Alexander Championing diversity in the arts byBelinda Luscombe Mark Suzman A bold new pledge byHarry Booth Artis Stevens Mentoring young people byKerri Anne Renzulli Allison Sesso Paying off medical debt byKerri Anne Renzulli Alex Soros Funding human rights and a greener world byPhilip Elliott Cecilia Conrad Making connections byKim Clark José Andrés Humanitarian chef bySean Gregory David Bohnett Supporting community and connection byKim Clark Celina de Sola Serving communities in Latin America byPenelope Wang Jack Ma Lifting up rising leaders byCharlie Campbell Christos Christou Humanitarian medical care byJackie Hunter Josh Harris and Marjorie Harris Leveraging sports byNatalie Donback Maribel Pérez Wadsworth Supporting local journalism byHarry Booth John Palfrey Filling the nonprofit funding gap bySteve Friess La June Montgomery Tabron Finding new ways to serve bySteve Friess Suzan Craig Dunand and Marco Dunand Bold climate initiatives byKerri Anne Renzulli Lisa Sobrato Sonsini Family giving byPenelope Wang Reeta Roy Opportunities for young Africans bySteve Friess N. Clay Robbins Ramping up giving bySteve Friess Sylvan Adams One of Israel's biggest donors byEllen Chang William C. Rudin Big Apple booster byPenelope Wang Abdul Aziz Al Ghurair A family tradition of funding education byTharin Pillay Trailblazers Katherine Lorenz Leading Next Gen heirs byKim Clark Lin-Manuel Miranda Breaking down barriers byDiane Harris Ayesha Curry and Stephen Curry Tutoring help for Oakland students bySean Gregory Eric Church Aiding Hurricane Helene recovery byAndrew R. Chow Billie Jean King Championing women in sports byHarry Booth Richard Curtis and Lenny Henry Harnessing laughter byAyesha Javed Michele Kang Supporting women's sports bySean Gregory Patrick Collison Accelerating scientific progress byJackie Hunter Christy Turlington Burns Improving maternal health care bySandra Block Petra Nemcova Rebuilding after natural disasters byHarry Booth Tsitsi Masiyiwa and Strive Masiyiwa Helping Africans thrive byTharin Pillay Marlene Engelhorn Democratizing her giving byHarry Booth María José Iturralde Saving the Amazon rainforest byHarry Booth Jeff Atwood Giving with urgency bySandra Block Nikhil Kamath A 'Giving Pledge' for young Indians byKim Clark Nick Allardice Mobilizing moonshots byKerri Anne Renzulli Tiffany Benjamin A leader in corporate giving byKerri Anne Renzulli Yousriya Loza-Sawiris Lifting Egyptians out of poverty byTharin Pillay Byron Trott and Tina Trott College for rural kids bySandra Block Susan Fales-Hill Patron of diversity in the arts bySteve Friess Innovators Hali Lee Collective-giving leader byPeter Carbonara Michael Sheen Not-for-profit actor byAyesha Javed John Green Making the world suck less byMegan McCluskey Catherine, Princess of Wales and Prince William Modernizing royal philanthropy byHarry Booth Mariska Hargitay Standing up for rape survivors byHarry Booth Badr Jafar Champion for strategic philanthropy byHarry Booth Pam Omidyar and Pierre Omidyar A network of philanthropic institutions byTharin Pillay Jennifer Pritzker An eclectic giver byBelinda Luscombe Peter Singer A philosopher of giving byTharin Pillay Cari Tuna and Dustin Moskovitz High-impact giving byPeter Carbonara Francine A. LeFrak Wellness for women byPeter Carbonara Robert Rosenkranz A 'selfish philanthropist' byKerri Anne Renzulli Nicole Taylor Helping Silicon Valley give byHarry Booth Anand Giridharadas Challenging billionaire philanthropy byBilly Perrigo Sara Lomelin Building a collective giving movement byKim Clark Tony Hawk Skateboarding for all bySandra Block Sol Trujillo Fighting stereotypes byPeter Carbonara Tyler Cowen Fast-track funding byTharin Pillay Sarah Haacke Byrd Women empowering women bySandra Block Project Credits Lead Editor:Ayesha Javed Editors:Emma Barker Bonomo, Merrill Fabry, Diane Harris, Cate Matthews, and Karl Vick Art and design:Rich Morgan and D.W. Pine Audience:Diana Elbasha, Kitty Ruskin, Kari Sonde, and Meg Zukin Reporters:Sandra Block, Harry Booth, Charlie Campbell, Peter Carbonara, Ellen Chang, Andrew R. Chow, Kim Clark, Leslie Dickstein, Natalie Donback, Philip Elliott, Steve Friess, Sean Gregory, Charlotte Hu, Jackie Hunter, Belinda Luscombe, Megan McCluskey, Billy Perrigo, Tharin Pillay, Kerri Anne Renzulli, Alana Semuels, Simmone Shah, Penelope Wang, and Justin Worland Digital:Annabel Gutterman and Nadia Suleman Photo:Katherine Pomerantz and Thea Traff Video:Joey Lautrup and Justine Simons
Yahoo
06-05-2025
- Business
- Yahoo
Do Higher Earnings Mean You'll Take Home Less Because of Taxes?
Many workers worry that earning more, through a raise or bonus, could push them into a higher tax bracket and actually reduce their take-home pay. Learn More: Trump Wants To Eliminate Income Taxes: Here's What That Would Mean for the Economy and Your Wallet Find Out: The New Retirement Problem Boomers Are Facing However, that fear is based on a common misunderstanding of how the U.S. tax system works. Do higher earnings mean you'll take home less because of taxes? Here's what you need to know about how tax brackets impact your take home pay. The Myth Many people believe that earning more money, through a raise or bonus, could actually cause them to lose money after taxes. This widespread misconception stems from confusion about how tax brackets actually apply to income. 'Many people have a misconception or 'fear' of even jumping a tax bracket due to a misunderstanding of how progressive tax systems work,' said Nicolette Davicino, a certified financial planner and financial advisor at Armstrong, Fleming & Moore. For You: Here's How Much Your State Collects on Every Type of Tax Davicino explained, 'Many people think that moving into a higher tax bracket means their entire income will be taxed at that higher rate, which would reduce their pay and mean they take home less pay. In reality, only the portion of income within the higher bracket will be taxed at the new rate.' How U.S. Tax Brackets Really Work The U.S. tax system uses marginal tax rates, which means only the income that falls within each bracket is taxed at that bracket's rate. This ensures that earning more will never reduce the after-tax income. 'To the extent that their taxable income now exceeds $47,150 for 2025, the amount over $47,150 is taxed at the much higher 22% tax rate,' said Mark Luscombe, principal analyst at Wolters Kluwer Tax & Accounting. 'The rest of the taxpayer's income remains taxed at the lower 10- and 12% tax rates.' Luscombe added that bonuses are often subject to higher withholding, which can make the take-home seem smaller at first. But this doesn't mean individuals are taxed more on all of their income, just on the portion above the bracket threshold. What About Bonuses? A raise or bonus can push a portion of a taxpayer's income into a higher tax bracket, but only that portion is taxed at the new, higher rate. The remainder of their income continues to be taxed at lower rates, so their overall take-home pay still increases. For example, Luscombe said a taxpayer with a modified adjusted gross income of $147,000 who receives a $5,000 bonus in 2025 would not move into a higher tax bracket. However, their total income could exceed eligibility for other tax credits like the Clean Vehicle Credit, which has a $150,000 cap for individuals.
Yahoo
15-04-2025
- Business
- Yahoo
3 Steps To Take If Your Child Tax Credit Claim Was Denied, According to Experts
If a Child Tax Credit claim was denied but should have been approved, there are clear steps to challenge the decision. Find Out: Try This: The Child Tax Credit provides up to $2,000 per qualifying child under 17 to help families manage the cost of raising children. Experts say a denial may stem from issues like missing documentation or eligibility errors. Here are three steps to take if a Child Tax Credit claim is denied, according to the experts. Next, learn which states offer child tax credits. Misunderstandings about eligibility for the Child Tax Credit are one of the most common reasons the IRS denies claims. For example, the taxpayer may earn too much to meet IRS eligibility requirements. 'The credit starts to phase out at the modified adjusted gross income of $200,000 for single filers and $400,000 for joint filers,' said Mark Luscombe, principal analyst for Wolters Kluwer's Tax and Accounting Division North America. Experts also note that custody issues resulting from a divorce can affect eligibility. For example, the taxpayer may not have provided child support, or the child didn't live with them for at least half the year. 'It's not just about who gets to claim the child — it's about understanding the IRS rules, filing status and potential red flags that could trigger a denial,' said Melissa Murphy Pavone, CDFA and founder of Mindful Divorce Partners, a firm that specializes in divorce financial planning. 'If a Child Tax Credit claim is denied, it's often because both parents tried to claim the same child or the claiming parent doesn't meet the IRS requirements,' Pavone added. Be Aware: Before appealing the IRS decision, identify the specific issue. The IRS typically sends a notice explaining why a claim was denied. 'It may be that the taxpayer was not entitled to the credit, or it may be that an error was made that can be corrected,' Luscombe said. Missing or incorrect information can also trigger a denial. 'The taxpayer may have failed to obtain a Social Security number [for a newborn child] by the time the tax return is filed,' Luscombe explained. 'Or the Social Security name on file with the Social Security Administration does not match the Social Security number on the tax return.' Sometimes, the denial is related to offsets from other debts. 'The credit was, in fact, allowed, but not paid due to the refund being offset by federal tax debts, state income tax, child support obligations or defaulted student loans,' Luscombe said. Taxpayers can try to reverse the IRS's decision by filing Form 8862, 'Information to Claim Certain Credits After Disallowance.' 'Depending on the reason for denial, the supporting documents should establish entitlement to the credit: evidence of the age of the child, support status, living status, any custodial agreements between the parents or a correct Social Security number,' Luscombe said. He said taxpayers should work with a tax professional who understands the rules for claiming the credit. 'In a divorce situation, the co-parents can agree in a settlement or divorce agreement who is entitled to claim the credit, as long as the greater-than-one-half-of-the-year residency requirement is met by the claiming co-parent,' Luscombe said. More From GoBankingRates6 Reasons Your Tax Refund Will Be Higher in 2025 7 Tax Loopholes the Rich Use To Pay Less and Build More Wealth 5 Types of Vehicles Retirees Should Stay Away From Buying This article originally appeared on 3 Steps To Take If Your Child Tax Credit Claim Was Denied, According to Experts Sign in to access your portfolio
