Utah Governor's Office of Economic Opportunity’s Post

In this tax case involving annual investment allowances for camping pods, the tribunal made some interesting decisions in assessing the structures in question. 🏕️ 👉Read here: https://ow.ly/of3J50QwEEe

Never assume, always ‘prepare on the basis that …….’ 🤔 I’ve come across this structure v. plant query recently in discussion with clients. 🛖🏡 Always check back and be comfortable with your reasoning on whether items qualify for capital allowances and in what way! #capitalallowances #primeaccountantsgroup #primeaccountants #primewealth Prime Accountants Group

TORONTO Green TAX Incentive BIKES Make Money! The study found that COVID-19 bike lanes increased cyclists' access to stores and jobs by 10.4% to 22.3% and increased access to parks by 6.3%. The new bike paths make it easier to reach more areas of Toronto by bike. “LIKE if you are thinking about buying a new bike, I’ll send you Green TAX Incentive info!” #instatax #instamoney #instaobama #instabiden #instataxbill #instataxcuts #instacuts #instataxes #instadems #instanewtax #instataxplan #instataxpayers #instataxreturn #instaincome #instareturn #instareform #instareturns #instataxreturns #instagas #instalaw #instataxcut #instaincometax #instataxmoney #tororntobike #ebikes #ebikestyle #ebikelife

Great news for campsite and glamping operators! 🏕️ A recent Tribunal case has opened the door for camping pods to qualify as plant and machinery for capital allowances. This could mean significant tax savings for businesses investing in new pods. Whether you're a limited company or an unincorporated business, you might be eligible for 100% AIA or "full expensing" relief. 🌿 While HMRC may appeal, it's worth exploring your options now. Contact us at Viewpoint Accountants to see how this could apply to you. 📞 #CampingPods #CapitalAllowances #TaxSavings #GlampingBusiness #ViewpointAccountants

#BikeForEveryone 🚴♂️✨ Belgium is taking steps to make commuting by bike even more attractive! 🚀🇧🇪🌍 The draft bill, with docket # 55K3714, has been formally submitted to Parliament and is currently under discussion in the Finance and Budget Committee. If approved, it will be published in the Belgian Official Gazette before the year's end. Here are the key highlights: 1️⃣ Background: The Belgian government is committed to promoting sustainable mobility and enhancing the overall health and mobility of our society through increased bicycle usage. 2️⃣ Enhanced Bicycle Allowance: Starting in 2025, the kilometre allowance for bike commuting will rise to €0.35, making cycling an even more appealing choice. 3️⃣ Tax Benefits: Employees receiving bicycle allowances will enjoy tax exemptions, provided their professional expenses are determined on a flat-rate (lump-sum) basis. In other words, they do not deduct proven expenses. 4️⃣ Maximum Benefit: A yearly ceiling of €2,500 has been proposed for tax-exempt bicycle allowances, applicable to each taxpayer within a taxable period. This change may affect avid cyclists who commute over 15 km each way per day. However, given their dedication, it's unlikely that they will be discouraged by the ceiling and will continue their healthy habit. On the other hand, this measure is expected to make commuting by bike more appealing to workers living within a 15 km radius of their workplace. 5️⃣ Implementation Date: These proposed changes are set to take effect from tax year 2025, thus income year 2024.🚀 #sustainability #sustainablemobility #becyclist #bicycleforcommuting #belgium #bicyclecompensation #mobility #health #fiscalreforms #modalshift #cyclinglifestyle #futureoftransportation #ecofriendlyliving #greenfuture #legislationproposal #parliamentaryprocess #financeandbudgetcommittee #belgianofficialgazette #employmentlaw #tax

Tax rules to be eased for commuters across Øresund The Swedish and Danish governments have agreed to ease tax rules for those living in either country and commuting over the Øresund for work, study or retirement, which is something among others Greater Copenhagen and Medicon Valley Alliance have argued for several years. This is of significant importance for the life science industry as numerous companies on both sides of Oresund have been struggling with the current rules for several years. Employees are in some instances been taxed twice, the current agreement also complicates working from home and it does not include employees in the public sector. These elements are now being addressed in the new agreement expected to enter into force in 2025. As highlighted in the “Greater Copenhagen Life Science analysis” published in 2022, more than 1,000+ life science border commuters work in the life science industry today with a potential for many more. Most of them commute from Skåne to eastern Denmark. “Medicon Valley Alliance warmly welcomes this new agreement, which will improve the flexibility of movement of labour and help strengthen and develop Medicon Valley as an integrated life science cluster competing with the very best in both Europe and the US” says MVA CEO Anette Steenberg     Link to the 2022 Greater Copenhagen Life Science analysis https://lnkd.in/eTWYtGX Tue David Bak Petter Magnusson Hartman Lars Gaardhøj David Munis Zepernick Ny dansk-svensk skatteaftale på plads: Offentligt ansatte omfattes og hjemmearbejde være enklere – News Øresund Danmark (newsoresund.dk)

The proposed regulations in Michigan, introduced by House Democrats, aim to regulate short-term rentals and could significantly impact the state's tourism industry. These measures include a 6% tax on rentals of 15 days or more, increased safety requirements, and a $100 annual registration fee per listing. According to Erika A. Farley, the executive director of the Rental Property Owners Association of Kent County, there are concerns about the proposed tax. She stated, “We are looking for more parity along with the hotel industry, basically,” and emphasized that the tax could result in a higher tax burden for short-term rentals compared to traditional hotels, potentially ranging between 5% and 7%. Read more: https://bit.ly/3w9gTSb Original article by Michael Arney, WKZO Everything Kalamazoo 590 AM 106.9 FM. #michigan #shorttermrentals #regulations #tourism #taxes #localgovernment #realestate

The Travel Technology Association and Hawaii-based economic consultant Kloninger & Sims Consulting released a study on the economic and fiscal impacts of the short-term rental market in Maui County and across the state. According to the report, under the current proposal to phase out 7000 short-term rentals, Maui County could lose up to $91.8 million in annual tax revenue, and up to $280.9 million in total tax losses if all short-term rentals are discontinued. If other counties followed suit and phased out short-term rentals, Hawaii could lose as much as $554 million in annual tax revenue. Read the full report here: https://lnkd.in/d9Crx_ji

In the aftermath of the 2023 year-end legislation, on 29 March 2024, the Belgian tax authorities issued a new circular letter to clarify the rules with respect to the tax exemption for bike allowances and company bikes attributed to employees and company directors. Want to know more 😀 ? Read all about it in the Vialto Partners Belgium newsletter via the link below! Vialto Partners Belgium #globalmobility https://lnkd.in/eYz695Di

CSE SPOTLIGHT: Edmond's first Lodging Tax increase in 30 years is on the ballot for June 18. This tax – only charged on overnight stays – helps Visit Edmond welcome tourism into our community and increases economic activity. For more information, read the story highlighting the upcoming Lodging Tax vote, featured this week in Edmond Life & Leisure: https://lnkd.in/euPnwqkh #Tourism #Growth #EdmondOK