Category: accounting
Have you heard of the cow flatulence tax?
In 2009 the Danish Tax Commission proposed introducing a cow flatulence tax of $110 per cow per year. For the average farmer with 120 ...
The UK has a bedroom tax!
In 2012 the United Kingdom (UK) introduced the bedroom tax to free up public housing (1 million spare bedrooms) and reduce the Government’s public ...
Marijuana tax
In the United States (US), the possession of cannabis is illegal under the Federal Controlled Substances Act of 1970. In contrast to the Federal ...
Federal Budget 2023-24 Tax Changes
The key tax and superannuation changes announced on Tuesday, 9 May 2023 by Treasurer Jim Chalmers are: Small business instant asset write-off: For 2023-24 ...
Social Media Tax
In 2018 the Uganda government introduced a 'Social media tax' to censor online speech. Yoweri Museveni, the president of Uganda, stated that 'the tax ...
Digital Services Tax
In 2019 France introduced a Digital Services Tax (DST), which imposes a three per cent tax on the French revenue of large multinationals that ...
Cloud accounting software
Cloud accounting software is a type of accounting software hosted on remote servers and accessed via the Internet, as opposed to traditional accounting software ...
What does the Australian government spend your income tax on?
Percentages vary from year to year based on changes in government policy and the economy but most recently, the highest percentage of funds from ...
FBT exemption for retraining and reskilling staff
Employer expenditure on retraining and reskilling redundant (or soon to be redundant) employees is exempt from FBT. The education or training is not required ...
Beware of fraudulent BAS clients
Sophisticated criminals are now targeting accountants and registered tax agents to lodge fraudulent business activity statements on their behalf. In some cases, the accountants ...