Working Knowledge

Collins Barrow Clarity Defined" www.collinsbarrow.com ПО Working knowledge Tax tips for employees Minimize your taxes in 2014 $4 Stock options Play the market Employees can no longer defer tax payments on stock option benefits. Consider asking your employer to forgo the tax deduction so that you can claim it. Pooled registered pension plan (PRPP) Plan for the future Do you have access to an employer-sponsored pension plan? If not, consider joining a PRPP. These move with you from job to job and contributions are deductible. Overseas employment tax credit Changes for the jet set Do you currently claim the overseas employment tax credit? Bear in mind that it will be eliminated in stages by 2016, which may affect your current tax strategy. Corporate vehicle Ride to work Employees who have access to a company car can reduce their operating cost benefit by: Reimbursing their employer for any personal use by February 14, 2014 Limiting their personal use of the vehicle to less than Public iransil разs tax credit 50% of total driving Commuter credits Claim the cost of your regular commute by retaining monthly passes and receipts. While this infographic provides general planning parameters, Collins Barrow recommends that you seek professional advice before taking specific tax planning steps. Visit collinsbarrow.com for further information. %24