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. …
Each of our 225 tax planning strategies have now been updated to include relevant ATO legislation, cases, tax rulings, and ATO Interpretative decisions.
Capital city: Amsterdam Currency: Euro (€) (EUR) Population: 17.1 million Language: Dutch, Frisian & English GDP …
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,…
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…
Capital city: Dublin Currency: Euro (€) & Pound Sterling Population: 6.4 million Language: English, Irish, Ulster Scots Dutch GDP …
Taxpayers operating a winery receive all the standard business deductions plus the additional primary production related deductions including: Immediate deduction for the cost of fencing and water facilities such as dams, tanks, bores, irrigation channels, pumps, water towers and windmills. Access to the Farm Management Deposit Scheme. Tax averaging. In addition, since 2004 wine makers…
Tax avoidance has been around as long as taxes. One historic example of tax avoidance still evident today was the payment of window tax. It was introduced in England and Wales in 1696 with the aim of imposing tax on the relative prosperity of individuals as the bigger the house, the more windows it was…
Capital city: Hamilton Currency: Bermudian dollarc (BMD) Population: 64,237 Language: English GDP: …
Investment Loss (TNIL) is an individual’s taxable losses from rental and share investments. The TNIL is added back to an individual’s taxable income to calculate the tax related concessions and obligations for: Medicare levy surcharge. 15% additional tax on concessional contributions (Division 293). Child support payments. $1,000 up-front reduction for discounts on employee shares/options. Senior…
"You’d be stupid not to try to cut your tax bill and those that don’t are stupid in business"
- Bono: U2