Capital city: Carson City Currency: US dollar Population: 2.94 million Language: English GDP …
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The advantages of operating a business through a company include: 30% tax rate (standard company tax rate) 27.5% tax rate for companies with a turnover less than $10m pa. (The turnover thresholds increase to $25m in 2017/18 and $50m in 2018/19). By 2026/27 the company tax rate for companies with a turnover less than $50m…
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Capital city: Victoria Currency: Seychellois rupee (SCR) Population: 92,000 Language: English, French & Seychellois Creole GDP …
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When a motor vehicle is used 100% for private purposes there is normally no tax deduction available on the expenditure. With this strategy an employee can generate annual tax savings of $2,500 – $3,000 pa by salary packaging their private motor vehicle with their employer. The tax savings result from the motor vehicle tax concessions…
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Capital city: City of San Marino Currency: Euro (EUR) Population: 33,285 Language: Italian & English GDP …
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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…
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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: …
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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…
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Capital city: Vienna Currency: Euro (€) Population: 8.7 million Language: Austrian & German GDP …
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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…
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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"
- Bono: U2