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Business owners these days have all kinds of technology at their fingertips Mario Gotze Jersey , such as computerised accounting programmes purchased off-the-shelf for a few hundred dollars. It is quite amazing then, that many small business owners still turn up at their accountants at tax time with boxes of paperwork, and expect them to get enough information to lodge an accurate tax return. The sad part is that with some organisation, good software, and sound taxation planning Marco Reus Jersey , they could avoid the all-round stress and get a much better business result.
Taxation Planning not Properly Understood
Part of the problem is the lack of understanding about taxation planning in general. It does not mean that the business owner plans to get the boxes of paperwork to their accountant earlier next year. Taxation planning is a structured approach to managing the taxation liabilities of the business. It requires timely and accurate account keeping, regular financial and management reporting and assistance from accountants Brisbane to identify issues and recommend solutions.
Sound taxation planning starts at the very beginning of the financial year. It is not something that can be put into place as an afterthought, a few weeks before business tax returns must be lodged. It follows a process that uses legitimate taxation strategies to reduce taxable income. Depending on the type of business and its cash flow situation, some of these strategies may not be appropriate. This is why it is essential to get professional accounting advice.
Some Typical Taxation Planning Strategies
Bringing forward as many tax deductions as possible into the current financial year is a very common tax planning strategy. Every business, if they took a serious look Marcel Schmelzer Jersey , could find some expenses that might be paid in the current financial year. Christmas gifts for employees and clients, for example, could be purchased in June and stored to give away in NovemberDecember. Subscriptions could be paid to financial and trade journals in advance and the payment of membership fees to professional bodies could be brought forward.
If the business has a strong cash flow position, consider making prepayments for expenses such as insurance, workers' compensation premiums Marc Bartra Jersey , rent for the business premises, vehicle registration and other fixed costs. If the business has employees and their superannuation contributions are paid into a recognised fund prior to 30 June, this one change can save considerable amounts of tax. Bad debts that are not recoverable should be written off prior to 30 June so the business doesn’t pay tax on money it won’t ever receive.
Negative gearing of an investment property, salary sacrificing into superannuation, utilising tax offsets and rebates Mahmoud Dahoud Jersey , placing assets into a trust or setting up a company are just some of the tactics used every day by business people as part of a taxation planning strategy. Click here for more information. Deciding exactly which strategies suit a particular business, setting them all out in a written plan and assisting the client to implement them is the role of a tax planning accountant.

HARBIN, Dec. 20 (Xinhua) -- With farmers leaving land fallow during freezing temperatures and factories braced for an upcoming vacation, the northeastern city of Harbin is welcoming its "hottest" tourist season with ice and snow.

The annual Harbin International Ice and Snow Festival had a soft opening of world's largest ice and snow park earlier this week.

Covering an area of 800,000 square meters Lukasz Piszczek Jersey , the park used a record 180,000 cubic meters of ice and 150,000 cubic meters of snow this year. It was built in 20 days and is scheduled to officially open before Christmas.

The main activities of the 34th Harbin International Ice and Snow Festival will begin in January 2018. It is estimated to use one million cubic meters of ice and snow to make carvings and sculptures featuring Russian and other European styles, according to the municipal government.

A series of ice sculpture competitions will also be held to boost the development of ice and snow culture.

Ice and snow have become the name card of Harbin, which was known as "the oriental Moscow" for its Russian-style buildings such as St. Sohpia Cathedral. The festival brought in 40 million yuan (6.13 million U.S. dollars) in revenue during the seven-day Lunar New Year holiday in 2016.

SAN FRANCISCO Julian Weigl Jersey , Dec. 15 (Xinhua) -- Pregnant women, who have a higher level of blood sugar in their early pregnancy, whether they have diabetes or not, ran a greater risk of giving birth to babies with heart diseases, a new study said Friday.

"Elevated random plasma glucose values during early pregnancy were directly correlated with increased risk for congenital heart disease in offspring Jacob Bruun Larsen Jersey ," said the study conducted by the research of the U.S. Stanford University, which was published in The Journal of Pediatrics Friday.

The study, which reviewed medical records from 19,107 mother-baby pairs, said the risk of giving birth to a baby with a heart defect was 8 percent higher for every increase of 10 milligrams per deciliter in blood glucose levels at the early stage of pregnancy Hendrik Bonmann Jersey , when fetal heart is forming.

The study excluded from its analysis samples of women who had or developed diabetes during pregnancy.

In examing the medical records of the nearly 20,000 pairs of mothers and their babies born between 2009 and 2015, Stanford researchers analyzed the detailed data of the mothers' prenatal care, including blood test results and any cardiac diagnoses made for the babies during pregnancy or after birth.

They studied the blood samples of 13 percent of the mothers between four weeks prior to the estimated date of conception and the end of the 14th gestational week.

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