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…
Capital city: Vienna Currency: Euro (€) Population: 8.7 million Language: Austrian & German GDP …
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…
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…
Capital city: Nain Currency: Hutt River Dollar Population: 23 Language: English & French GDP …
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…
As the well-known Australian billionaire media magnate Kerry Francis Packer once said in reference to the Australian government, ‘Now of course I am minimising my tax and if anybody in this country doesn’t minimise their tax they want their heads read because as a government I can tell you you’re not spending it that well…
Capital city: Saint Helier Currency: Pound sterling (GBP) Population: 100,080 Language: English & French GDP …
Employee meal costs, like lunch during a normal work day, are normally private non- deductible expenses. But an employer can provide the following meals to employees, claim a tax deduction for the expenses, and pay no fringe benefits tax: • Tea, coffee and cakes provided on business premises for employees and customers. • Sandwiches, muffins,…
"You’d be stupid not to try to cut your tax bill and those that don’t are stupid in business"
- Bono: U2