Wikipedia defines a cryptocurrency (also known as crypto-currency, or crypto) as a digital currency designed to work as a medium of exchange through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it. Bitcoin was created in 2009 by Satoshi Nakamoto as the…
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A taxpayer can claim a deduction for the cost of travel to obtain tax advice. This travel includes: Using a taxpayer's vehicle to visit their accountant's office. This can be calculated on a cents per km basis. Out of pocket transport costs incurred, such as airfare or taxi fare. Accommodation and meals incurred visiting their tax agent. (This…
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Capital city: San Juan Currency: United States dollar (USD) Population: 3,411,307…
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Overnight travel expenses involve being away from home for at least one night for work or business purposes. Business or work travel is in contrast with other types of private travel such as for leisure purposes or regularly commuting between one's home and workplace. Reasons for work or business trips include servicing customers, working at…
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Fitness expenses will be deductible if employees need an abnormal level of fitness to perform their job. Typically, this applies to only professional sportspeople, physical training instructors with the Defence Force & Police Force, firefighters, and special forces personal. Implementation Process: 1. Determine whether the employee requires above normal (extreme) levels of fitness to perform…
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Capital city: Adamstown Currency: New Zealand dollar (NZD) Population: 57 Language:…
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Capital city: Panama City Currency: Balboa (PAB) and United States dollar (USD Population: 4,034,119 Language: …
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Handbags, briefcases and satchels purchased to carry items for work purposes (such as laptops, tablets, work papers or diaries) may be deductible. The deductibility of the bag will depend on: Cost – It's easier to justify to the ATO that a $300 bag is for work purposes than a $10,000 Prada bag. Type – Large bags…
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Capital city: Ngerulmud Currency: United States dollar (USD) Population: 21,503 Language: …
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Capital city: Muscat Currency: Rial (OMR) Population: 4,424,000 Language: Arabic GDP: …
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"You’d be stupid not to try to cut your tax bill and those that don’t are stupid in business"
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