Reducing tax liability
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Investing in certain schemes before the January 31st tax deadline can help reduce tax bills. An investment of £10,000 now in an EIS, SEIS or SITR scheme provides 30% tax relief that can lower 2016/2017 taxes by £3,000 and 2017/2018 payments by £1,500, reducing the total due by £4,500. Similarly, a £1,000 charity donation now carries back 40% higher rate tax relief of £200 to 2016/2017 and lowers 2017/2018 payments by £100, reducing taxes by £300 in total. These investment schemes carry risk, so professional advice should be sought before investing.
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19.4 - The liability approach to prepaid revenue
Fancy Furniture received a $300 prepayment from a customer to produce 3 tables. Under the liability approach to accounting for prepaid revenue:
1. The $300 prepayment is recorded as a liability called "prepaid revenue" when received, rather than revenue, because the revenue has not yet been earned.
2. A liability is appropriate because Fancy Furniture has a present obligation to provide the tables arising from the customer's past payment, and will use future economic resources to fulfill this obligation.
3. The cash receipts journal records the $300 prepayment in the "sundries" column rather than the "sales" column to properly reflect it as a liability until the tables are produced
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19.2 - Balance-day adjustments for revenue
The document discusses balance-day adjustments for revenue, including prepaid expenses, accrued expenses, prepaid revenue, and accrued revenue. Prepaid expenses and prepaid revenue refer to items that have been paid or received in advance but not yet used or earned. Accrued expenses and accrued revenue refer to items that have been used or earned but not yet paid or received. The document provides examples of how these adjustments would be recorded on a company's balance sheet at the end of the reporting period.
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The 2016 UK budget document outlines several key points:
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Fancy Furniture received a $300 prepayment from a customer to produce 3 tables. Under the liability approach to accounting for prepaid revenue:
1. The $300 prepayment is recorded as a liability called "prepaid revenue" when received, rather than revenue, because the revenue has not yet been earned.
2. A liability is appropriate because Fancy Furniture has a present obligation to provide the tables arising from the customer's past payment, and will use future economic resources to fulfill this obligation.
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The 2016 UK budget document outlines several key points:
1) Personal tax allowances and income thresholds will increase for 2017/18, including the personal allowance rising to £11,500 and the higher rate threshold increasing to £45,000.
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3) The annual ISA subscription limit will rise to £20,000 and ISA tax benefits will continue during estate administration periods.
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The annual allowance is a limit on the amount that can be contributed to your pension each year, while still receiving tax relief. The annual allowance is used up through gross pension contributions from you or your employer.
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The document discusses strategies for business owners to reduce taxes in the current tax year before the deadline of April 5th, 2018. It focuses on reviewing company car policies given rising tax percentages, and considering paying employees for business miles instead of providing a company car. It also discusses extracting profit from a business in a tax-efficient manner through dividends versus salary/bonuses given changes to dividend tax rates, and other options like incorporation or pension contributions.
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The document discusses various tax planning strategies that can be implemented before 5 April 2018 to reduce tax liabilities. It recommends reviewing business motoring strategies as company cars may not always be the most tax-efficient option. It also suggests maximizing the use of personal allowances across a family, utilizing tax advantaged savings schemes like ISAs and pensions, and considering different methods of extracting profit from a business in a tax efficient manner like dividends. The document is aimed at helping clients identify areas to improve their financial planning and tax position before the end of the tax year.
Horner downey and company ltd ye 201718
The document discusses various tax planning strategies that can be implemented before 5 April 2018 to reduce tax liabilities. It recommends reviewing business motoring strategies as company cars may not always be the most tax-efficient option. It also suggests maximizing the use of personal tax allowances across a family, extracting profits from a business in a tax-efficient manner such as through dividends, and contributing more to pension funds to benefit from tax relief. The document provides information on the annual ISA allowance and the new Lifetime ISA. It stresses the importance of ongoing tax planning throughout the year.
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The document summarizes key information about disallowed retirement fund contributions in South Africa.
It provides an example of an individual, Tabiso, who exceeded the annual limit for tax deductible retirement fund contributions over several years, resulting in disallowed contributions that rolled over. It outlines how these disallowed contributions can provide tax benefits upon retirement or death.
Specifically, it discusses how Tabiso's disallowed contributions of R2 million were used to offset taxes on lump sum payments. It also notes that upon Tabiso's death, the remaining R536k of disallowed contributions would be lost if his spouse did not take a lump sum, but could provide her tax benefits if invested in her own retirement fund.
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Back to the future seminar 2017 | Family Business Accountants | Westcourt
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The budget changes will negatively impact entrepreneurial family businesses. Specifically, changes to dividend tax rates will make a family earning £80,000 in business profits and taking £30,000 in dividends each worse off by £3,750 per year. While corporation tax rates are being cut slightly over the next two years, this will provide little relief compared to the increased tax burden on dividends. The changes leave this family wondering if they can afford to have a third child given the reduction in their disposable income of £312.50 per month.
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The document discusses strategies for business owners to reduce taxes in the current tax year before the deadline of April 5th, 2018. It focuses on reviewing company car policies given rising tax percentages, and considering paying employees for business miles instead of providing a company car. It also discusses extracting profit from a business in a tax-efficient manner through dividends versus salary/bonuses given changes to dividend tax rates, and other options like incorporation or pension contributions.
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The document discusses strategies for business owners to reduce taxes in the current tax year before the deadline of April 5th, 2018. It focuses on reviewing company car policies given rising tax percentages, and considering paying employees for business miles instead of providing a company car. It also discusses extracting profit from a business in a tax-efficient manner through dividends versus salary/bonuses given changes to dividend tax rates, and other options like incorporation or pension contributions.
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The document discusses various tax planning strategies that can be implemented before 5 April 2018 to reduce tax liabilities. It recommends reviewing business motoring strategies as company cars may not always be the most tax-efficient option. It also suggests maximizing the use of personal allowances across a family, utilizing tax advantaged savings schemes like ISAs and pensions, and considering different methods of extracting profit from a business in a tax efficient manner like dividends. The document is aimed at helping clients identify areas to improve their financial planning and tax position before the end of the tax year.
Horner downey and company ltd ye 201718
The document discusses various tax planning strategies that can be implemented before 5 April 2018 to reduce tax liabilities. It recommends reviewing business motoring strategies as company cars may not always be the most tax-efficient option. It also suggests maximizing the use of personal tax allowances across a family, extracting profits from a business in a tax-efficient manner such as through dividends, and contributing more to pension funds to benefit from tax relief. The document provides information on the annual ISA allowance and the new Lifetime ISA. It stresses the importance of ongoing tax planning throughout the year.
November/December Leverage
The document summarizes key information about disallowed retirement fund contributions in South Africa.
It provides an example of an individual, Tabiso, who exceeded the annual limit for tax deductible retirement fund contributions over several years, resulting in disallowed contributions that rolled over. It outlines how these disallowed contributions can provide tax benefits upon retirement or death.
Specifically, it discusses how Tabiso's disallowed contributions of R2 million were used to offset taxes on lump sum payments. It also notes that upon Tabiso's death, the remaining R536k of disallowed contributions would be lost if his spouse did not take a lump sum, but could provide her tax benefits if invested in her own retirement fund.
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This document provides information and advice about ways to reduce taxes before the end of the 2017/18 tax year on April 5th, including maximizing personal tax allowances, reviewing company car arrangements, taking business profits tax-efficiently, considering retirement planning options, and utilizing savings vehicles like ISAs. It also notes upcoming tax changes in 2018/19 such as reductions to the dividend allowance and increases to tax rates on company cars.
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- For 2016, the threshold was increased to $1,000,272 from July 1, and the tax rate above $6 million increased to 30% for the latter half of the year.
- For 2017, the threshold further increased to $1,500,096 from April 1.
- Worked examples are provided to illustrate the tax calculations and potential refunds for individuals under the new thresholds.
- Guidance is given for applying the changes for employed and self-employed individuals for the dual tax periods in 2016.
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The document summarizes key announcements from the UK Chancellor George Osborne's Summer Budget 2015 that could impact financial planning decisions. Some of the major announcements include:
1) Increasing the personal tax allowance to £11,000 and pledging to raise it to £12,500 by 2020.
2) Introducing a new "National Living Wage" of over £9/hour by 2020 that starts at £7.20/hour in 2016.
3) Reforming inheritance tax by introducing a new transferable main residence nil-band to allow families to pass homes to descendants tax-free up to £1 million for some couples by 2020/21.
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The document provides tips and strategies for individuals and businesses to minimize tax before the end of the financial year on June 30th, as well as changes coming into effect in future years. It discusses opportunities to make superannuation and other contributions, claims deductions for expenses, and manages capital gains and losses. It also outlines reforms increasing small business tax concessions and farm management deposit limits.
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This factsheet discusses various tax-saving strategies that individuals and businesses can implement before the 2018/19 tax year ends on 5 April 2019. It recommends making full use of available personal and child allowances and tax-free savings opportunities. Specific tips include transferring income between spouses, employing children in the family business, contributing to pensions, using ISAs and charitable donations. The factsheet also provides tips for family companies such as utilizing personal allowances and dividends to extract profit in a tax-efficient manner. Proper timing of salary, bonus and dividend payments is emphasized.
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2) Introducing a new £5,000 dividend tax allowance from 2016 and reducing dividend tax rates.
3) Restricting the amount of tax relief landlords can claim on property finance costs to the basic income tax rate starting from 2017.
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Jamaica Personal Income Tax Guide 2016 Edition (1)
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Reducing tax liability
Investing in certain schemes now can reduce tax bills due at the end of January. Qualifying investments receive 30% tax relief that can be carried back to last year, lowering previous taxes and future installment payments. Similarly, increased charitable donations now provide 40% higher rate tax relief that reduces last year's liability and lowers upcoming payments. However, these investment schemes carry high risk, so professional advice is necessary before investing.
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1比1复刻(ksu毕业证书)美国堪萨斯州立大学毕业证本科文凭证书原版一模一样
原版定制【微信:bwp0011】《(ksu毕业证书)美国堪萨斯州立大学毕业证本科文凭证书》【微信:bwp0011】成绩单 、雅思、外壳、留信学历认证永久存档查询，采用学校原版纸张、特殊工艺完全按照原版一比一制作（包括：隐形水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠，文字图案浮雕，激光镭射，紫外荧光，温感，复印防伪）行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备，十五年致力于帮助留学生解决难题，业务范围有加拿大、英国、澳洲、韩国、美国、新加坡，新西兰等学历材料，包您满意。
【业务选择办理准则】
一、工作未确定，回国需先给父母、亲戚朋友看下文凭的情况，办理一份就读学校的毕业证【微信bwp0011】文凭即可
二、回国进私企、外企、自己做生意的情况，这些单位是不查询毕业证真伪的，而且国内没有渠道去查询国外文凭的真假，也不需要提供真实教育部认证。鉴于此，办理一份毕业证【微信bwp0011】即可
三、进国企，银行，事业单位，考公务员等等，这些单位是必需要提供真实教育部认证的，办理教育部认证所需资料众多且烦琐，所有材料您都必须提供原件，我们凭借丰富的经验，快捷的绿色通道帮您快速整合材料，让您少走弯路。
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
【关于价格问题（保证一手价格）】
我们所定的价格是非常合理的，而且我们现在做得单子大多数都是代理和回头客户介绍的所以一般现在有新的单子 我给客户的都是第一手的代理价格，因为我想坦诚对待大家 不想跟大家在价格方面浪费时间
对于老客户或者被老客户介绍过来的朋友，我们都会适当给一些优惠。
一比一原版宾夕法尼亚大学毕业证(UPenn毕业证书)学历如何办理
挂科购买【微信号:176555708】【挂科购买(UPenn毕业证书)】【微信号:176555708】《成绩单、外壳、offer、真实留信官方学历认证（永久存档/真实可查）》采用学校原版纸张、特殊工艺完全按照原版一比一制作（包括：隐形水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠，文字图案浮雕，激光镭射，紫外荧光，温感，复印防伪）行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备，十五年致力于帮助留学生解决难题，业务范围有加拿大、英国、澳洲、韩国、美国、新加坡，新西兰等学历材料，包您满意。
【我们承诺采用的是学校原版纸张（纸质、底色、纹路）我们拥有全套进口原装设备，特殊工艺都是采用不同机器制作，仿真度基本可以达到100%，所有工艺效果都可提前给客户展示，不满意可以根据客户要求进行调整，直到满意为止！】
【业务选择办理准则】
一、工作未确定，回国需先给父母、亲戚朋友看下文凭的情况，办理一份就读学校的毕业证【微信号:176555708】文凭即可
二、回国进私企、外企、自己做生意的情况，这些单位是不查询毕业证真伪的，而且国内没有渠道去查询国外文凭的真假，也不需要提供真实教育部认证。鉴于此，办理一份毕业证【微信号:176555708】即可
三、进国企，银行，事业单位，考公务员等等，这些单位是必需要提供真实教育部认证的，办理教育部认证所需资料众多且烦琐，所有材料您都必须提供原件，我们凭借丰富的经验，快捷的绿色通道帮您快速整合材料，让您少走弯路。
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
留信网服务项目：
1、留学生专业人才库服务（留信分析）
2、国（境）学习人员提供就业推荐信服务
3、留学人员区块链存储服务
【关于价格问题（保证一手价格）】
我们所定的价格是非常合理的，而且我们现在做得单子大多数都是代理和回头客户介绍的所以一般现在有新的单子 我给客户的都是第一手的代理价格，因为我想坦诚对待大家 不想跟大家在价格方面浪费时间
对于老客户或者被老客户介绍过来的朋友，我们都会适当给一些优惠。
选择实体注册公司办理，更放心，更安全！我们的承诺：客户在留信官方认证查询网站查询到认证通过结果后付款，不成功不收费！
What Lessons Can New Investors Learn from Newman Leech’s Success?
Newman Leech's success in the real estate industry is based on key lessons and principles, offering practical advice for new investors and serving as a blueprint for building a successful career.
China's Investment Leader - Dr. Alyce SU
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
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China's Investment Leader - Dr. Alyce SU
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
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【网址🎉ac22.net🎉】欧洲杯投注 Sports 与其他博彩公司相比，其独特之处在于欧洲杯投注 Sports 基于低利润和高营业额的独一无二的体育博彩模式，该模式可以为玩家开出最高的赔率。欧洲杯投注的优势在于中文界面友好，接受人民币投注。他们的开户奖金和实时体育投注界面是大陆玩家的首选。
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一比一原版(cwu毕业证书)美国中央华盛顿大学毕业证如何办理
原版一模一样【微信：741003700 】【(cwu毕业证书)美国中央华盛顿大学毕业证成绩单】【微信：741003700 】学位证，留信认证（真实可查，永久存档）原件一模一样纸张工艺/offer、雅思、外壳等材料/诚信可靠,可直接看成品样本，帮您解决无法毕业带来的各种难题！外壳，原版制作，诚信可靠，可直接看成品样本。行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备。十五年致力于帮助留学生解决难题，包您满意。
本公司拥有海外各大学样板无数，能完美还原。
1:1完美还原海外各大学毕业材料上的工艺：水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠。文字图案浮雕、激光镭射、紫外荧光、温感、复印防伪等防伪工艺。材料咨询办理、认证咨询办理请加学历顾问Q/微741003700
【主营项目】
一.毕业证【q微741003700】成绩单、使馆认证、教育部认证、雅思托福成绩单、学生卡等！
二.真实使馆公证(即留学回国人员证明,不成功不收费)
三.真实教育部学历学位认证（教育部存档！教育部留服网站永久可查）
四.办理各国各大学文凭(一对一专业服务,可全程监控跟踪进度)
如果您处于以下几种情况：
◇在校期间，因各种原因未能顺利毕业……拿不到官方毕业证【q/微741003700】
◇面对父母的压力，希望尽快拿到；
◇不清楚认证流程以及材料该如何准备；
◇回国时间很长，忘记办理；
◇回国马上就要找工作，办给用人单位看；
◇企事业单位必须要求办理的
◇需要报考公务员、购买免税车、落转户口
◇申请留学生创业基金
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
办理(cwu毕业证书)美国中央华盛顿大学毕业证【微信：741003700 】外观非常简单，由纸质材料制成，上面印有校徽、校名、毕业生姓名、专业等信息。
办理(cwu毕业证书)美国中央华盛顿大学毕业证【微信：741003700 】格式相对统一，各专业都有相应的模板。通常包括以下部分：
校徽：象征着学校的荣誉和传承。
校名:学校英文全称
授予学位：本部分将注明获得的具体学位名称。
毕业生姓名：这是最重要的信息之一，标志着该证书是由特定人员获得的。
颁发日期：这是毕业正式生效的时间，也代表着毕业生学业的结束。
其他信息：根据不同的专业和学位，可能会有一些特定的信息或章节。
办理(cwu毕业证书)美国中央华盛顿大学毕业证【微信：741003700 】价值很高，需要妥善保管。一般来说，应放置在安全、干燥、防潮的地方，避免长时间暴露在阳光下。如需使用，最好使用复印件而不是原件，以免丢失。
综上所述，办理(cwu毕业证书)美国中央华盛顿大学毕业证【微信：741003700 】是证明身份和学历的高价值文件。外观简单庄重，格式统一，包括重要的个人信息和发布日期。对持有人来说，妥善保管是非常重要的。
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Reducing tax liability
- 1. It is not too late to reduce your tax bill! The deadline for paying any balancing payment for your 2016/17 income tax together with the first instalment of the 2017/18 liability is only weeks away at 31 January 2018 but it is still not too late to reduce this. Investing in an Enterprise Investment Scheme (EIS), Seed Enterprise Investment Scheme (SEIS) or social investment tax relief (SITR) scheme qualifies for a flat 30% relief which can be carried back to the previous year. * So, for example an investment of £10,000 now could reduce a 2016/2017 liability by £3,000, plus that would reduce the 2017/18 payment on account by £1,500 thereby reducing the amount payable on 31 January by £4,500 (as payments on account in January are based on 50% of the previous year’s liability). Similarly, if you are a higher rate taxpayer you are entitled to 40% relief on gift aid payments so a payment made now which is carried back to 2016/17 will reduce payments in January. For example, a £1,000 payment made to charity would mean a payment of £800 to the charity (less the basic rate tax relief of £200 deducted at source). If this is carried back to 2016/17, the liability for that year is reduced by £200 (being the higher rate relief of 40% less the 20% already received) and the payment on account for 2017/18 is reduced by £100 (being 50%) giving a total reduction of £300. *These are high risk investments and will not be suitable for everyone. It is essential that professional advice is sought before investing. 15 December 2017