New Tax Stategy Added: Loss Companies or Trusts
This strategy involves directing business or investment income across to a taxpayer’s loss-company or trust. Loss companies and trusts are entities that have either unapplied revenue tax losses or capital losses. These losses may have been incurred as the result of previously operating a business at a loss or having investment losses on shares or property.
The losses in the company or trust are valuable if income can be diverted to the loss-company or trust.
Sign up to TaxFitness to get the full strategy.
Similar posts you may like
- New annual subscription option
We are pleased to announce a new annual subscription option incorporating software, marketing, resources and training. Key features include: 12-months software. Self-paced tax planning Read more
- Government Coronavirus Stimulus Package
The Government’s $17.6 billion economic stimulus package has the following key tax measures: Boost cash flow for employers by up to $25,000 with a Read more
- 5 Ways to Use Our Automated Newsletter
You don't have time to market your services to your clients and contact list. Our automated client newsletter does all the hard work for you: Read more
- TaxFitness Release Notes – August 2019
August Release Highlights: Improved usability A new menu layout and design which makes the software easier to use and reduces the number of Read more
"You’d be stupid not to try to cut your tax bill and those that don’t are stupid in business"
- Bono: U2