Talk to anyone in the accounting industry and it’s very apparent that compliance fees are falling (and will continue to fall year on year). Rob Nixon in his book Remaining Relevant, has predicted that compliance prices will plummet by 50% or more within 5 years. His predictions may turn out to be very conservative as…
TaxFitness Easter Egg Competition Winners Congratulations to Nick Rieper from Success Tax Professionals Alice Springs and Audrey de Beer from Success Tax Professionals Joondalup for winning our first Easter Egg Competition by completing the most tax plans. Prizes First prize $750.00 worth of Easter eggs (Nick Rieper – 51 tax plans). Second prize $250.00 worth…
Capital city: Vaduz Currency: Swiss franc (CHF) Population: 37,340 (2014) Language: German GDP …
Small businesses buying art prior to 30th June 2017 with a purchase cost of less than $20,000 (excluding GST) are entitled to a full tax deduction. The art can be enjoyed at the small businesses office, warehouse, farm, or home office. There are no restrictions on the type of art or the number of pieces…
Martha Helen Stewart (c1941) is an American businesswoman, writer, and television personality. As founder of Martha Stewart Living Omnimedia she has gained success (a net worth of US$638 million) through a variety of business ventures, encompassing publishing, broadcasting, merchandising, and e-commerce. She has written numerous bestselling books, is the publisher of the Martha Stewart Living…
Capital city: Tallinn Currency: Euro (€) Population: 1.3 m Language: Estonian GDP …
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…
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…
Capital city: George Town Currency: Cayman Islands dollar (KYD) Population: 56,732 Language: English & Cayman Islands English GDP …
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…
"You’d be stupid not to try to cut your tax bill and those that don’t are stupid in business"
- Bono: U2