Capital city: Tallinn Currency: Euro (€) Population: 1.3 m Language: Estonian GDP …
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Tax planning strategy 180 The superannuation proceeds trust strategy involves creating a special type of testamentary trust under a will that is only funded by the deceased’s superannuation death benefits. The beneficiaries are limited to only the deceased’s tax dependents (i.e. spouse and children under 18). The advantage of this strategy is that as all…
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Many accountants are just compliance based form fillers and don’t have the expertise or aptitude to save you tax. Finding a good tax planning specialist can be tough. Eight questions to ask a prospective accountant to see if they are right for you: Are they in practice full time? (Part-time accountants are a waste of…
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Capital city: George Town Currency: Cayman Islands dollar (KYD) Population: 56,732 Language: English & Cayman Islands English GDP …
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Tax planning strategy 176 From 1st July 2018 fund members with a fund balance of less than $500,000 will be able to make additional catch-up super contributions. The catch-up super contributions can be either personal or salary sacrifice and can only be made from unused super contribution caps accruing from 1st July 2018. As the…
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The concept of taxing income is a modern innovation and requires three things: a money economy, an accurate accounting system, and thirdly, an orderly society. A money economy is a system of trade where money has replaced barter. The word “money” is believed to originate from a temple of Juno, on Capitoline, one of…
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Capital city: Vatican City Currency: Euro (€) Population: 842 Language: Italian GDP …
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Tax planning strategy 165 Subscriptions, joining fees, levies and contributions paid to professional associations may be deductible under s 8-1 and/or s 25-55. Payments to trade and professional associations may be in the form of joining fees, periodic subscriptions or levies and other contributions. Deductions for periodic subscriptions are available under s 8-1 where it…
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An intellectual property box regime is a special tax regime for intellectual property revenues. It is also known as a patent box, innovation box or IP box and was first introduced in 2000 by the Irish as a reduced rate of tax on revenue from IP licensing or the transfer of qualified IP. In Europe…
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After 12 months of development our TaxFitness software was launched on Monday 20th February 2017. We are now working on the following software and product enhancements: Upgrading the visual presentation of the Tax Planning Report cover to make it remarkable. Integrating the Client Mud Map form into the software and Tax Planning Report. Tax Planning…
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