Capital city: Gibraltar Currency: Sterling or Gibraltar Pounds Population: 32,194 Language: English and Spanish. The local dialect is a mixture of the two and is known as ‘Yanito’ GDP: …
Read More »Business travel involves being away from home for at least one night for business purposes. This is to be contrasted with other types of private travel such as for leisure purposes or regularly commuting between one’s home and workplace. Reasons for business trips include visiting customers or suppliers, meetings at other company locations, professional development…
Read More »We have added four new strategies to our Tax Planning Strategy Database as a result of the 2017 Federal Budget. First home deposit scheme Super contributions from downsizing Managed investment trusts investing in affordable housing 60% CGT discount for affordable housing investments. Learn more about the new budget at Budget 2017-2018.
Read More »On the 10/05/2017 we made the following updates to our software: New updated Tax Planning Report cover The strategy DB now has a search functionality so you can search for strategy names Accountants now have the ability to unsubscribe their clients from the newsletter. (This is done by going to My Subscribers > View Full…
Read More »Illegal tax saving strategies damage the fabric of society and Government policy is clearly to minimise or eliminate them. If tax avoidance is left unchecked, the perception of unfairness has the potential to undermine the voluntary ethic in the broader tax system. Every accounting practice in Australia will have at least a couple of clients…
Read More »Capital city: Vienna Currency: Euro (€) Population: 8.7 million Language: Austrian & German GDP …
Read More »It is good practice to review the prior year’s tax returns of all new clients to see whether any allowable deductions have been omitted from the return. If allowable deductions have been omitted (and can be substantiated) and the time limits on income tax amendments are met, the prior year’s returns can be amended. The…
Read More »The English navigator James Cook became the first European to map the east coast of Australia in 1770 and a First Fleet of British convicts followed to establish a penal colony at Sydney in 1788. When the first Governor, Governor Phillip, arrived with the First Fleet he had a Royal Instruction that gave him power…
Read More »Capital city: Nain Currency: Hutt River Dollar Population: 23 Language: English & French GDP …
Read More »Benefits provided to employees of religious institutions in respect of pastoral duties or other duties or activities directly related to the practice, study, teaching or propagation of religious beliefs is exempt from FBT. The FBT exemption applies where: A religious practitioner is an employee of a registered religious institution. A benefit is provided to the…
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