CPA adherent Is The New CPA checkerboard Juice

May 3, 2015

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Tax Havens – Investigating International Finance – Episode 1

Used by wealthy individuals and companies to shift huge sums of money around the world in secret, tax havens cost governments and ordinary taxpayers billions of pounds. International efforts to tackle tax havens to date have been feeble, but there’s no reason why action can’t be taken. How can we put a end to such widespread tax evasion?

This is the first in a series of four videos investigating different areas of the international finance system. Each is a short introduction to a major challenge we face if we want to reform global finance and make it work for people and the planet.
Video Rating: 4 / 5

The Tax Free Tour (vpro backlight – 2013)

“Where do multinationals pay taxes and how much?” Gaining insight from international tax experts, Backlight director Marije Meerman (‘Quants’ & ‘Money & Speed’), takes a look at tax havens, the people who live there and the routes along which tax is avoided globally.

Those routes go by resounding names like ‘Cayman Special’, ‘Double Irish’, and ‘Dutch Sandwich’. A financial world operates in the shadows surrounded by a high level of secrecy. A place where sizeable capital streams travel the world at the speed of light and avoid paying tax. The Tax Free Tour is an economic thriller mapping the systemic risk for governments and citizens alike. Is this the price we have to pay for globalised capitalism?

At the same time, the free online game “Taxodus” by Femke Herregraven is launched. In the game, the player can select the profile of a multinational and look for the global route to pay as little tax as possible.

research: William de Bruijn
camera: Jean Counet
montage: Bart van den Broek
geluid: Tim van Peppen, Benny Jansen, Joris van Ballegoijen
productie: Marie Schutgens
animaties: Bitcaves & Motoko

International Sales for this documentary are handled by NPO Sales: http://www.nposales.com/?s=backlight

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Learn Accounting in 1 HOUR First Lesson: Debits and Credits

The ultimate video for new accounting students to learn basic accounting principles and accounting mechanics. This video assumes you know NOTHING and by the end of it, has you reading fortune 500 company financial statements.

Accounting 1
Program #2
Chapter 1
“Basic Accounting Concepts”
dkrug@jccc.edu
Video Rating: 4 / 5

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SMSF Strategies – How to setup a Self Managed Super Fund

May 2, 2015

SMSF Strategies - How to setup a Self Managed Super Fund

Hi, I’m Grant Abbott and I’m chairman of the Australian SMSF Members Association or ASMA for short. I want to talk to you today about how to establish a self-managed super fund. We’re now almost approaching 500,000 self-managed super funds in Australia and many more people are asking us on our website, how do we go about setting up one of these funds? Let me give you the simple details.

The first one and foremost, we need to work out who is going to be the Trustee of our self-managed super fund. All members must be Trustees and we can either act as individual Trustees, or alternatively we can have a company and all the directors will then be members of the superannuation fund. So either have individuals or a company trustee, we establish that first.

The second stage is we need to then get a trust deed or a set of rules, and it’s important to understand that with a self-managed super fund or the laws that relate to superannuation, they effectively tell you what you can’t do. The trust deed is the real set of rules that actually tells you what you can do. You need to make sure you get the best trust deed in the market. Certainly don’t scrimp and save and cut back strategies simply to save a few dollars up front.

Once we have that all established we then need to get an ABN, we then need to get a tax file number, and then virtually we’re in business. The next thing is to then establish a cash account, whether it’s a Macquarie CMT, an ANZ V2 account, a Westpac account or NAB account to actually operate all transactions through there.

Following that, what we need to do is then start to get some money in and that could be employer contributions, SGC, it could be salary sacrifice contributions or it could be rollover from other funds such as industry funds or retail superannuation funds or even another self-managed super fund. Once we then go ahead and we effectively put our money into the fund, it’s time to sit down and invest, so what we do is we build an investment strategy. That investment strategy says, well this is where we are taking our self-managed super fund, and from there we monitor our investments, we look at all the strategies that are possible, we keep ourselves educated and then we’re off building this wonderful self-managed super fund, that if we’ve done it right, spent that time up front — look and get a good advisor if that’s absolutely necessary — if we do it up front and get it right, it’s going to last us the test of time, at least 40, 50, 60 years, possibly if you do it well, it’s going to last 100 years. Anyway, it’s Grant Abbott discussing how to set up a self-managed super fund. I’m signing off.
Video Rating: 4 / 5

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Financial Accounting – Balance Sheet

Financial Accounting - Balance Sheet

This video goes over the accounting equation and how it relates to the Balance Sheet. It also explains the balance sheet both comparative and classified
Video Rating: 4 / 5

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Latest Accountant News

How to Hire an Accountant for Your Business
In this edited excerpt, the authors provide tips on choosing the right accountant for your small business. While do-it-yourself accounting software is easy to use, it's not the sole answer for business owners. Just as having Microsoft Word doesn't make …
Read more on Entrepreneur

BC accountant Chris Cowland spotted error in CRA tax filing deadline
You now have a little more time to file your taxes, all thanks to a Vancouver Island accountant. The Canada Revenue Agency gave the wrong income tax deadline in a notification sent out to some taxpayers on Friday, saying the deadline had been extended …
Read more on CBC.ca

Make accountants returning officers for 2016 elections – Omane-Antwi
The President of the Institute of Chartered Accountants –Ghana (ICAG), Professor Kwame Omane-Antwi has asked Chartered Accountants (CAs) on to avail themselves as returning officers for the 2016 general elections. He said with “integrity” as the motto …
Read more on Citifmonline

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Latest CPA News

Martha's Vineyard CPA gets home confinement on federal charges
Roger Armstrong, a certified public accountant (CPA) and tax preparer with an office on Beach Road, Vineyard Haven found guilty of tax fraud, must spend the next nine months at home. The alternative was jail. In January 2015, Mr. Armstrong pleaded …
Read more on Martha’s Vineyard Times

Workers' Rights Campaign
The CPA strongly opposes any deregulation or reduction in penalty rates. In particular, it opposes the sale of penalty rates for a general wage rise as recently occurred in the retail sector in South Australia. The wage rise will be completely eroded …
Read more on The Guardian (Australia)

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SMSF Property via Loan

May 1, 2015

In this easy to understand video, we explain how to purchase property inside of your SMSF with a limited recourse loan
Video Rating: 0 / 5

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Purchasing A Property In Your Self Managed Super Fund (SMSF)

Australians love investing in real estate, so it is no surprise that many people have used their retirement funds to purchase a property within their SMSF.

Self-managed super is the fastest growing sector within the superannuation industry, and this is partly driven by the ability to invest in different assets such as property.

Watch this video as I explain the concept behind purchasing property within a SMSF.

http://www.nationwidefinance.com.au
http://www,studentoflife.com.au
http://www.whyjames.com.au

Disclaimer:

This video is provided solely for general guidance only. The content in this video does not consider your personal circumstance and therefore before doing anything you should obtain professional financial, legal and taxation advice to ensure a particular strategy meets your objectives, financial situation and needs. This guide is not a substitute for seeking your own professional advice.

The material, strategies, comments, concepts, techniques and suggestions within this video are of a general nature only and do not constitute professional or individual advice in any way. Viewers should not act on the basis of any matter in this video without seeking professional advice from a licensed Financial Planner, Accountant or Mortgage Broker, with due regard to your own particular circumstances, goals and risk profile.

The presenter in this video expressly disclaims all and any liability to any person, whether a purchaser of this video or not, in respect of anything and of the consequences of anything done or omitted to be done by any such persona in reliance, whether whole or partial, upon the whole or any part of the contents of this video.

Australian Credit Licence Number: 386946
Video Rating: 5 / 5

Deciding on the type of SMSF trustee is important. This video will help explain the difference between individual trustees and corporate trustees?
Video Rating: 0 / 5

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