Sentences with phrase «balance for income tax purposes»
Not exact matches
the member's account balance is no longer seen as supporting a TRIS and t any payments made during the year (not just the amount in excess of the limit) will be super lump sums for income tax purposes and lump sums for SIS Regulations purposes
https://www.ato.gov.au/
Early withdrawal are calculated in another very non-advantageous way using the «last in first out» (LIFO) method which means that income taxes are realized on any early withdrawals until all earnings have been covered (for tax purposes) and the balance is a non-taxable return of premiums paid.
The accounting clerk will be responsible for the data input of accounts payable, research and investigate invoice discrepancies, assist the Controller in reconciling balance sheet accounts, perform analytics on income statement accounts, assist in preparing daily / weekly operational updates to management, assist in the preparation of internal monthly financial statements, assist the Controller with YE reporting for tax purposes and ad hoc projects from the Controller and CEO.