Deductions for prepaid expense

Rewards4Earth MAAS has the potential to qualify as a deduction for prepaid expense under the ’12-month rule’. If you are a small business entity or would be a small business entity if the aggregated turnover threshold was $50 million, or an individual incurring deductible non-business expenditure you can claim an immediate deduction. You can claim the deduction under the 12-month rule for prepaid expenditure if:

• the payment is incurred for an eligible service period not exceeding 12 months
• the eligible service period ends in the next income year.

If the 12-month rule does not apply, your deduction for prepaid expenditure is apportioned over the eligible service period or 10 years, whichever is less.
For more information on deductions for prepaid expenses visit the Australian Tax Office website.

Residual income for accounting firms

Rewards4Earth MAAS has the revolutionary capability of producing residual income while simultaneously rewarding clients.
Residual income occurs when a Business’ sign up at the Ambassador level. As an Ambassador, when clients you have signed up to the Rewards4Earth and start using the system, you will receive residual income from every purchase the client you signed up makes.

Rewards4Earth helps businesses make more sales and save on marketing costs. Every time an Ambassador registered supporter (client/customer) makes a purchase from a participating business, that Supporter, the Ambassador, their nominated Environmental and/or Community Organisation (ECO) and the Rewards4Earth Foundation, each receives Erth Points..

To attract supporters of ECO’s, businesses allocate some of their marketing budgets to Erth Points on a PAY-per-SALE basis rather than PAY-per-CLICK. Supporters register in the App, nominate their favourite ECO and register their payment card, which is tokenised; a form of highly secure encryption for the supporters’ peace of mind.

Once a sale is completed, Erth Points are transferred to the Supporter, the Ambassador, the ECO, and the Rewards4Earth Foundation. This process is automated and powered by patented technology. Businesses get access to free advertising and marketing tools and other benefits, such as being visible to potential customers looking for a product or service.

Erth Points are held by consumers in electronic wallets on their smartphones. This enables the Supporter to accumulate Erth Points from any participating business worldwide. Once earned, the customer owns them, not the business that gifted them, unlike other reward points.

The ECO’s turn their Erth Points into local currency on the exchange, selling them to the businesses that want to attract supporters.


This information is intended to provide general information only and has been prepared without taking into account any particular person’s or organisation’s objectives, financial situation or needs. Any general advice contained within or given (whether orally or in writing) does not consider your individual or organisational objectives, financial situation or needs. Nothing in this presentation is intended to be investment, financial advice or a recommendation to invest in a financial product. Before acting on such information, you should consider the appropriateness of the information having regard to your personal and organisational objectives, financial situation or needs.

Superannuation, tax, Centrelink and other relevant information is based on our interpretation and continuation of law current as at the date of this presentation. The information contained in this presentation or given during this presentation does not constitute legal or tax advice. You should seek expert advice in this regard.

This presentation may contain certain forward-looking statements. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control. You should not place reliance on forward-looking statements. To the maximum extent permitted by law, we and Matrix Planning Solutions Limited disclaim all liability and responsibility for any direct or indirect loss or damage which may be suffered as a result of relying on anything in this document including any forward-looking statements.