Language training courses designed to teach English or explain Australian citizenship and lifestyle to a person who is, or intends to become, an immigrant of Australia are tax deductible to the employer and FBT exempt. The travel costs incurred are also exempt. To qualify for the exemption the following conditions must be satisfied: The benefit…
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Average weekly pay: $1,080 Employment size: 22,500 Future growth: Moderate Skill level Certificate II or III Travel agents assist…
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A pension fund (also known as a retirement fund or superannuation fund) is any plan, fund, or scheme which provides retirement income. The Romans started the first pension scheme in 13 B.C. when Roman Emperor Augustus began paying pensions to Roman Legionnaires who had served 20 years. These armed forces pensions were financed at first…
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Capital city: The Valley Currency: East Caribbean dollar (XCD) Population: 14,764 Language: English GDP: …
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Objectives: The two doctors are self-employed and operate through their practice company. When they visited their accountant, they said they would like to payout their $500,000 private mortgage as quickly as possible, and restructure their affairs to save some tax as well. Facts: Family taxable income $880,000. SMSF with $800,000 cash at bank.…
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Average weekly pay: $1,300 Employment size: 173,000 Future growth: Moderate Skill level Certificate II or III Truck drivers drive heavy trucks, tow…
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A playing card is a piece of specially prepared heavy paper, plastic-coated paper, cotton-paper blend, or thin plastic, marked with distinguishing motifs and used as one of a set for playing card games. Playing cards are typically palm-sized for convenient handling and were first invented in China during the Tang dynasty in 900 AD. Although…
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Capital city: Andorra la Vella Currency: Euro (EUR) Population: 77,281 Language: Catalan GDP: …
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This strategy is about using your private vehicle to operate an Uber business and make additional income (whilst at the same time making your private vehicle expenses tax deductible). Deductible Uber business expenses include: Fuel Registration Insurance Repairs, tyres and maintenance costs. Depreciation on the car purchase cost. Car purchase cost (if less than $20,000)…
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We are excited to announce a new and advanced / improved / upgraded version of TaxFitness! Branding You can now remove the TaxFitness logo and branding from your Tax Savings Reports and add your own brand colours quickly and easily as a practice manger from My Practice. Integrated Mud Map We have integrated the Client…
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