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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Productivity and Innovation Credit (PIC)
- sundaymorningstaple
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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.
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