A New Tax Planning strategy has been added to our database – Residential Property Transferred to SMSF by Related Party. This strategy details the circumstances under which a taxpayer can transfer a residential rental property to their SMSF without breaching section 66 of the SIS Act. Strategy contributed by Vince Tomazin, Mt Lawley, WA.
Capital city: City of San Marino Currency: Euro (EUR) Population: 33,285 Language: Italian & English GDP …
The purchase of an antique, veteran or vintage car for use in a business will provide the normal depreciation and operating deductions. This will be subject to the luxury car limit and log book obligation for business use. Motor vehicles, including antique, veteran & vintage cars, are exempt from capital gains. This is a win…
Darren Gleeson’s new book ‘Tax Planning Made Simple’ is now available for purchase from Vivid Publishing. Tax Planning Made Simple breaks the tax planning process down into six easy steps. Each step is detailed with instructions, guidance, examples, resources and templates so you can start providing expert tax planning services to your clients. It is…
Paying our legal taxes is a small price to pay for the benefits we enjoy in a privileged, prosperous, and safe society such as Australia. The great majority of taxpayers, individual and corporate, pay their taxes voluntarily and in accordance with the law. Smart taxpayers focus on maximising their legal tax savings whilst ensuring 100%…
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: …
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…
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.
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…
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…
"You’d be stupid not to try to cut your tax bill and those that don’t are stupid in business"
- Bono: U2