Without music to decorate it, time is just a bunch of boring production deadlines or dates by which bills must be paid. – Frank Zappa
While the press mainly focused on spending cuts, we listed here changes that will have more impact on finance side of our clients.
The draft rules announced by the Department of Finance on December 13, 2017, now extend the TOSI rules to certain family members over the age of 17.
Under the new rules, investment income will be tweaked with a number of adjustments to come up with a new amount called, “adjusted aggregate investment income”.
Every organization is formed on some overarching goal & objective, such as building a profitable business by satisfying a need or a not-for-profit organization dedicated toward a charitable focus that guides its actions.