An early-stage innovation company (ESIC) is a company that has high growth potential, can scale, addresses a broader than the local market, and has competitive advantages. ESIC companies can provide investors with the following tax incentives: A 20% non-refundable tax offset on investments, capped at $200,000 per investor per year. A capital gains tax exemption,…
Capital city: Riga Currency: Euro (€) Population: 1,953,200 Language: Latviana GDP:…
A discretionary trust (also known as a family trust) is a trust established to hold a family's assets or operate a business. Generally, they are established for asset protection and/or tax purposes. The benefits of a discretionary trust include: Flexibility on income distributions. The trustee decides before the 30th June each financial year how that…
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 minimum payment of $2,000. Businesses that employ staff between 1st January 2020 and 30th June 2020 will receive payments of 50% of their Business Activity Statements or Instalment Activity Statement PAYG…
Apart from the obvious health risks, the coronavirus will put many businesses at financial risk. The unfortunate reality is some businesses will not survive the coronavirus and will end up closing down. To help protect your business and reduce the risk/effect of the coronavirus on your business, you should: Avoid unnecessary overseas travel – you…
Capital city: Victoria Currency: Malaysian Ringgitt (MYR) Population: 96,800 Language: Malay…
Subject to compliance with the SIS Act and the sole purpose test, the ATO has confirmed that SMSF's can carry on a business. Although the most common businesses operated through a SMSF are either share trading or property development, other business ventures are possible. The advantages of operating a business through a SMSF include: Ability…
Capital city: Kuwait City Currency: Kuwaiti dinar (KWD) Population: 4,348,395 Language: Arabic GDP: …
Holiday working spaces are work spaces in holiday destinations. The working spaces can be located literally anywhere in the world; including your favourite beach, forest, or snow holiday distination. Employees can work from the working spaces for a week, month or six months at a time. The work spaces can be hired by the day,…
Capital city: Tarawa Currency: Kiribati dollar Population: 110,136 Language: English and Gilbertese GDP …
"You’d be stupid not to try to cut your tax bill and those that don’t are stupid in business"
- Bono: U2