Roydon Snelgar

SMSF carrying on a business

3 March 2020

Subject to compliance with the SIS Act and the sole purpose test, the ATO has confirmed that SMSF's can carry on a business. Although the most common businesses operated through a SMSF are either share trading or property development, other business ventures are possible. The advantages of operating a business through a SMSF include: Ability…

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Kuwait has no income tax!

25 February 2020

             Capital city:                Kuwait City Currency:                    Kuwaiti dinar (KWD) Population:                4,348,395    Language:                  Arabic    GDP:      …

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Tax deductible holiday working spaces

18 February 2020

Holiday working spaces are work spaces in holiday destinations. The working spaces can be located literally anywhere in the world; including your favourite beach, forest, or snow holiday distination. Employees can work from the working spaces for a week, month or six months at a time. The work spaces can be hired by the day,…

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Kiribati offers a 10% company tax rate

11 February 2020

            Capital city:                Tarawa  Currency:                    Kiribati dollar Population:                110,136    Language:                  English and Gilbertese     GDP       …

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Personal branding

4 February 2020

Personal branding is the practice of people marketing themselves and their careers as brands. Personal branding is essentially the ongoing process of establishing a prescribed image or impression in the mind of others about an individual.   Tom Peter’s first wrote about personal branding in an article called ‘A Brand Called You’ in 1997. He said…

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Deregistered company

27 January 2020

    A company may be deregistered after it is closed down (e.g. voluntary deregistration), liquidated (by the members, court or creditors) or struck off the register of companies by ASIC (e.g. for outstanding annual review fees). Once a company is deregistered:       It ceases to exist as a legal entity and can…

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Tax Planning Made Simple (Second Edition) Now Available!

10 January 2020

The 10% of practices that currently provide tax planning services to their clients generate annual fees revenue of $284m. This book has been written for the 28,968 accounting practices in Australia (the 90%) that aren’t currently providing tax planning services to their clients. The first part of the book talks about why your clients need…

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"You’d be stupid not to try to cut your tax bill and those that don’t are stupid in business"

- Bono: U2