Are Relocation Expenses Tax Deductible?

The very first thing that comes to your mind when you get an offer to move to a foreign country for a job is, “are my relocation and moving expenses tax-deductible?

A one-word answer to this question is “No,” it is not possible to claim your relocation expenses personally.

However, while moving due to an employment contract, an employee can claim the tax back through an employer.

Under the FBT (Fringe Benefits Tax Act), there is an exemption of fringe benefits tax for employers to pay or reimburse an employee’s relocation costs. The employer can proclaim tax deductions for any expenses that occurred, and the GST input tax back on the relocation expenses.

The best thing would be to negotiate any moving expenses like a relocation bonus with the employer during the interview process itself. However, every time it is impossible.

Hence the best resort left for the employee is to sacrifice the relocation costs from the employer’s salary.

In simple words, it means that the employee’s annual gross wage gets deducted from the cost of relocation. The employer can then pay off or reimburse any expenses that occurred to the employer whilst being tax-deductible.

How does this work in the real-life scenario?

A prime example is, imagine you are going to relocate for a new job, and the cost incurred for purchasing the new furniture and general relocation expenses amounts to $12,000.

Assuming that you come in the top tax bracket employee, to pay $12,000, you would need to earn $24,000 (which will then have $12,000 taken out) to be able to pay $12,000 moving costs in after-tax dollars.

However, in case you were able to salary sacrifice the $12,000 with your employer, the employer would likely be able to claim back the $2,000 GST included in the $12,000 reducing the actual amount deducted from your package down to $10,000 with no fringe benefits tax to pay.

In the example quoted above, you could save approximately $12,000 (well-rounded to explain the example).

Now not every employer will offer salary packaging. Also, differing FBT rules apply to different employers.

Hence, it is a very complex area of calculation that you need to discuss with your accountant to get the maximum outcome in your favour.

What falls under relocation costs?

  • Incidental costs of selling the old house and getting a new one, like legal services, stamp duty, agent’s services, discharge of a mortgage, and expenses of borrowing
  • Meals while searching for suitable long-term accommodation with certain restrictions
  • Accommodation for an employee and family members, relocation transport, flights or car costs
  • Removal & storage of household items
  • Temporary accommodation and leasing of household goods at the new location
  • Temporary accommodation at the old location with certain restrictions
  • Utilities like gas, electricity, and telephone connections

What should I reference?

There are certain limitations as to what you can or can’t claim. For specific guidance, you need to consult with your tax accountant. You may even search for the specific FBT act.

We hope you might have received the answer to your question: “Are relocation expenses tax-deductible?” in this write-up.

Gaming Desktop VS PS5: Which one is better?

The much-anticipated PS5 is almost here. The fantastic part is, it promises game-changing features like ray tracing, instant SSD load time, and frame rates as high as 120 fps.

gaming desktop vs PS5

However, in case you do not wish to wait for Sony’s next-gen console or are looking for attractive options, chances are, you can get all these technological perks by investing in the cheapest prebuilt gaming PC today.

When it comes to choosing a gaming desktop and PS5, there are a few differentiating factors that you need to watch out for. First of all, in case you decide to go for the cheapest prebuilt gaming PC today, you will have to replicate some of the PS5’s features.

Also, it would help if you determined the types of games you’d wish to play.

Chances are you are torn between saving for a PS5 and investing in the cheapest prebuilt gaming PC today. If that is the case, here are some of the significant differences between the two platforms, which will help you make a wise decision.

Gaming Desktop V/S. PS5: The Points of Differences

Specs

The PS5 comes with a 3.5 GHz-8-core AMD Zen 2 processor along with a custom AMD RDNA 2 GPU, which can easily provide 10.28 teraflops of computing power. You also get 16GB RAM and a custom 825GB SSD with an astonishing speed of 5.5GB per second.

Some of the other key specs include support for 3D audio, 4K Blu-ray drive, tracking capabilities, and the ability to render content at a maximum of 8K resolution at 120 frames per second.

However, when it comes to realistic thinking, I would suggest you expect most of the games to provide a steady 60 fps at 4K.

Now, when it comes to gaming desktop specs you purchase or build, it will get restricted depending on your spending capacity. However, I can help you with the breakdown of critical components comparable with what PS5 can provide.

The AMD Ryzen 7 3700X has the same core count as the CPU of PS5. The NVidia’s RTX 2080 Super GPU would help you get dependable 4K gameplay complete with ray tracing.

Price & Value

The official price of PS5 is still not out. However, as per the recent reports, it is ball parked at AUD 702. The console will come along with a disc-less PS5 Digital Edition.

You can expect this to be approximately AUD 7 to AUD 14 cheaper than other standard models that pack a 4K Blu-ray player.

It is nearly impossible to correctly tell the price of a gaming desktop if you wish to make it perform like the PS5. The starting price would be around about AUD 1755, and that’s the bare minimum.

This does not include the price of a case or 4K Blu-ray drive to make your gaming desktop a true replacement for PS5.

Technically, there is a scope to find a prebuilt gaming PC with a price in the range of PS5, like the AUD 785 CUK Continuum Micro Gamer PC.

But, it consists of a Ryzen 3 CPU and Radeon Vega 8 graphics; you will not find the same ray tracing or handle games in 4K.

However, even while gaming desktops are more costly, they provide far greater value. The reason being, the gaming desktops can be upgraded with brand new components with time.

While you are using PS4, you need to get PS4 Pro in case you wish to get a better PlayStation performance.

It is even possible for you to opt for the cheapest prebuilt gaming PC today that fits your tastes. Irrespective of whether you wish for a subtle black box for your living room or a shiny RGB-lit monster for your command centre.

And in case you enjoy spending money on gaming desktops, it will let you enjoy games like Star Wars: Jedi Fallen Order and Doom Eternal at much higher settings than consoles do muster.

On top of that, in case you invest in a high-end gaming desktop, you’ll have the most versatile machine that can help you with video editing, graphic designing, and just about any other productivity task.

Games

As with any other gaming platform, the choice between PS5 and gaming desktop zeros down to the games it allows you to play.

A gaming desktop is a clear winner over here as it provides lots of varied options available on storefronts like Battle.net, the Epic Games Store, Steam, Origin, etc.

However, as far as the library of PS5 games is concerned, it is gradually taking shape. Some of the major games include Spiderman: Miles Morales, Ratchet, and Clank: Rift Apart, and Gran Turismo 7.

The good news is, PS5 has backward compatibility with PS4 titles. So, if you love The Last US Part II and God of War like me, then you will be able to play it on Sony’s new console.

It’s worth taking note that some of the most anticipated third-party games for 2020 and beyond are releasing on both platforms. This includes Resident Evil Village, Cyberpunk 2077, and Assassin’s Creed Valhalla.

The Final Call

These are some of the differences between gaming desktop and PS5. Remember, it is entirely up to you to choose the best option from the two I have mentioned. However, when it comes to the cheapest prebuilt gaming PC today, your guess is as good as mine.

The Nitty Gritty About the Aborigines and Their Culture

For a long time we have marveled at their breath taking arts, their marvelous life style and mythology but the aborigines have still remained mystery to many despite the fascination. The arts of Aboriginal has become more and more popular these days and it is not cheap if you want to buy one. As time passes more and more pieces about their arrival, existence and beliefs are becoming more and more relevant and what is even more intriguing is the fact that even as more of the facts are being dug up about them, they are still as mystery and just as fascinating. However, to help wipe a bit of the cloud of dust that surrounds the aboriginal culture, here are some of the facts and information about them and their existence.

The earliest time that the aborigines were recorded to move into the continent of Australia was about 4,000 years before 1788 when the Europeans made their first landing in Botany Bay. From the late 1700s the tribe was by far the majority counting for around 300,000 of the population but over the years their numbers have dwindled and since the 1990s, they have become a minority that is struggling to save and claim rights to their ancestry lands. As if that is not enough, the aborigines have had a spiteful relationship with the European inhabitants due to the bad treatment of their ancestors during the colonial period. Currently, the Aborigines of Australia suffer more or less the same problems that plague the Native Americans in America.

The one thing that helps people understand the aboriginal culture best is their folklore which they refer to as the dream time. This is a mythology that has been passed down through generations and is considered to be the utter truth about their existence, their evolution and the evolution of the world and its components. In the dreamtime, there are many myths that describe the creation of virtually everything that includes one about the sun. The myth describes how the spirits would gather wood to light up a fire during the day with the help of a bird known as the Kookaburra. To date, in aboriginal culture, it is a strict rule that no one can imitate the bird’s call since it could get angry and fail to wake the spirits in the morning to light up the fire (sun) which would mean that the world would be dark. Another intriguing aspect of the aborigines and their culture is their religion. Unlike what other cultures and communities consider humans being at the top of the chain, the aborigines believe that all of the creation is equal. Furthermore, they believe is thing called totems. These are symbols from nature like birds. These help the clans to identify themselves with the totem. Therefore if a certain clan identifies itself with say a certain bird, then they are part and parcel of its character. If it’s peaceful then so is the clan. Additionally, the religious world of the aborigines is filled with ghosts of the dead and spirits who play a pivotal role in the control of certain aspects like the sun and rainbow.

Studying the Aboriginal culture is not only intriguing but also very interesting and educative. Even though this culture is slowly dying out, it has been kept alive by their form of art which will be around even after the population and its culture has been wiped out.

Your Search for Best Order Pickers Ladders End Here

Order Pickers are an eminent mobile platform used for picking stock from shelves or racking in warehouses. They are not collapsible and you wont be able to fold them like an A frame ladder.  The best order pickers ladders are manufactured from aluminium and come in different sizes from 3-Step (0.828m) to 14-Step (3.866m), however, you can also buy steel platforms ranging from 2-Step (0.47m) to 12-Step (2.80m). There are different mobility methods and some come with an optional rear safety gate (Walk-Thru) or a shelf.

What Safety Tips to Consider While Using Ladders

Regardless of the kind of ladder being used, it is important that employees be give proper safety tips. In fact, any employee, who will use ladders and lifts for work should also appreciate current regulations. After all, not adhering to safety rules as well as regulations not only puts the employee at risk for injury however, it also puts the company at risk for fines.

The most common problems precise to ladders includes unsteadiness, electrical shock, and fall but with the perfect information, you can avoid the same. For one thing, employees should be working on the perfect kind of ladder for the job. If you have to invest in a new ladder, then this would be the perfect decision to keep away from potential danger. For one thing, always go for an order picker ladder if possible, particularly around any electrical source. In addition, the ladder needs to be approved for weight capacity for the individual but also equipment and supplies.

Besides choosing the right ladder, employees should be taught to place the ladder properly so they never have to go too far when reaching. The ladder should have rubber feet to keep away from slippage, and also placed on a flat surface. A handful of simple decisions will allow employees to get the job done professionally and safely.

Know about Metal Recycling and Best Scrap Metal Collection Companies in Adelaide

Metal recycling is a common call across the globe now in order to save mother earth and to preserve the natural reserves for the future generations to come. You can be anyone like a commercial business, demolition group, contractor, or a common individual to get into this revolution. Recycling scrap metal is a common process now and there are plenty of scrap metal collection and recycling units functioning in Australia now.

However; to be a part of this movement, you need to know who are the best scrap processors and what can better serve your purposes. There are specialized services and third-party agents who collect scrap from you. Some offer better rewards than others, some take raw scrap whereas some others take only refined scrap. You can check for the following aspects while considering scrap metal collection companies Adelaide.

Company Authorization

It is an important factor to consider. As scrap recycling has a significant value in terms of environment protection, it has a very few adverse impacts too while administering the recycling process. So, it is vital that you should confirm the authenticity and reputation of the scrap metal recycling firm you deal with. Ensure that the firm has a legitimate license and authorization by the government bodies to function. You also may be in trouble on getting into contracts with unauthorized scrap metal dealers or recycling yards.

Professional staff

Even if it gets disposed, you should not let inexperienced and unprofessional staff to handle the scrap. You aim at recycling for the betterment of the world, and this should be done morally and effectively. For those who are not experienced with it will damage the scrap materials in a way that it cannot be recycled and may end up in trash or landfill to cause further problems. So, always check the license and professional experience of the staff of the recycling unit you deal with to ensure recycling is done in the right manner.

Type of metal scrap

To take part in effective scrap recycling process and also to ensure the desired returns, you need to know about metal and bottle recycling Adelaide in detail and also the different types of metals and alloys for recycling. A basic research and learning is appreciated in this regard, which can easily be done over internet. The nature of the company and the metal scraps and alloys they are dealing with is important to plan your scrap collection and classification for recycling endeavor.

Pricing

It is a fact that you are not just doing it on your ecological responsibility, but there is an eye on some extra earnings too with scrap metal sales. Always make sure that you get into a deal with a recycler who can offer you top market prices for the scrap. If you are aiming at a volume trade, try to get quotes from various companies and evaluate which is the best one for you. However, it is not just the price to be taken as the deciding factor, consider the quality also and find a fair balance to cut the deal. Check the mode of payment, instant payment clearance or not, hidden costs if any etc.

Keeping all such parameters into consideration, you can easily choose the best recycling company in Adelaide to meet your needs and be a part of the recycling revolution.