Posts by Success Tax Professionals
Binding death benefit nominations
A death benefit nomination allows a superannuation fund member to specify who should receive their superannuation benefits.
Read MoreMeasure and compare performance with benchmarking
Benchmarking is a systematic process to measure and compare performance against that of peers or industry leaders.
Read MoreAvoid underpaying employees
Underpaying employees occurs when workers are paid less than the minimum wage or are not provided with their correct entitlements and benefits.
Read MoreAvoid penalties with an ATO payment plan
An ATO payment plan allows you to break down your payment into smaller amounts made via instalments and spread over a fixed period.
Read MoreSafeguard your assets with an asset protection plan
Asset protection aims to create a barrier between your assets and potential threats such as a legal dispute or financial crisis.
Read MoreNavigate the complex world of insurance with an insurance broker
Insurance brokers act as intermediaries between individuals or businesses seeking insurance coverage and insurance companies.
Read MoreDiscretionary trusts – ensure trust distribution resolutions are signed before 30th June
Discretionary trusts must ensure that by 30th June, the trust income is appropriately distributed to beneficiaries for taxation purposes.
Read MoreWitchcraft tax deductions
Witchcraft expenses are tax-deductible if they are likely to increase the individual’s employment or business income.
Read MoreChopstick Tax
China has a 5% tax on disposable wooden chopsticks to reduce demand for wooden chopsticks to preserve their shrinking forests.
Read MoreThe Isle of Man has a tax cap of £120,000
The Isle of Man is a low-tax economy with no capital gains tax, wealth tax, stamp duty, or inheritance tax and tax cap of £120,000.
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