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Productivity and Innovation Credit (PIC)

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biztreesg
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Productivity and Innovation Credit (PIC)

Post by biztreesg » Mon, 21 Nov 2011 11:44 am

There is 3 diferrent type of PIC:
-PIC cash payout option
-PIC tax deferral option
-PIC deduction / allowance

Anyone aware of HOW to determine which is more applicable to our company ?

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sundaymorningstaple
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Post by sundaymorningstaple » Mon, 21 Nov 2011 12:21 pm

Without know the inside of your company, it would be impossible to say. This is something you should be asking your accountants. They would be the ones with the information at hand (company accounts) and coupled with the worked examples that have been given, I'm sure they/coupled with the management of the company, could come up with some suitable numbers for succeeding years turnover/nets. Without that info, one would be hard pressed to come up with a guess as to which would be more beneficial.
SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers

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