The TaxFitness strategy database has 2 new tax planning strategies; Tax Strategy 224 – Employee Remuneration Trusts. Tax Strategy 226 – West State Super & Gold State Super Contributions.
Read More »
Accounting practices have six options available to them in relation to providing tax planning services. Some practices will choose one option (strategic pathway) and others several. In addition, over time different practices will change their focus and add/or delete different options. No one pathway will fit or suit all practices. The six tax planning service…
Read More »
Capital city: Bridgetown Currency: Barbadian dollar ($) (BBD) Population: 277,821 Language: English & Bajan GDP …
Read More »
Most forms of income earned by professional sportspeople is personal services income (PSI) and is assessed to the sportsperson individually. This includes salary, competition winnings, prizes, and appearance fees. This income cannot be split with family members or taxed at company rates. In contrast, all endorsement income is genuine business income generated by the goodwill…
Read More »
The US Public Interest Research Group said in 2014 that the United States loses roughly $184 billion per year due to corporations such as Pfizer, Apple, Facebook, Microsoft and Citigroup using offshore tax havens to avoid paying US taxes. In 2010-2012 Pfizer paid no US income taxes despite earning $43 billion. Microsoft held $76.4 billion…
Read More »
Highlights from our first 5 months 173 accountants have used the TaxFitness software to produce 790 Tax Plans. Phase 2 software upgrade completed. (Phase 3 & 4 is in development bringing more automation and ease of use). Over 200 tax agents and accountants now use our website as a tax planning resource every week. …
Read More »
Each of our 225 tax planning strategies have now been updated to include relevant ATO legislation, cases, tax rulings, and ATO Interpretative decisions.
Read More »
Capital city: Amsterdam Currency: Euro (€) (EUR) Population: 17.1 million Language: Dutch, Frisian & English GDP …
Read More »
Certain public and non-profit hospitals, ambulance services, public benevolent institutions (PBIs), religious institutions, and health promotion charities (HPCs) are eligible for an FBT exemption. The benefits it provides its employees are exempt from FBT if the total grossed-up value of certain benefits for each employee during the FBT year is equal to, or less than,…
Read More »
Community attitudes towards tax avoidance vary from approval through neutrality to outright hostility. Attitudes may vary depending on the steps taken in the avoidance scheme, or the perceived unfairness of the tax being avoided. Tax avoidance by corporations in the UK came to national attention in 2012, when MPs singled out Google, Amazon.com and Starbucks…
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