Roydon Snelgar

Animal Attendants & Trainers

4 December 2018

Average weekly pay Employment size Future Growth Skill level $957 22,200 Strong Certificate II or III *Swipe across to view all table data  Animal attendants and trainers train, feed, groom and care for animals. Typical tax deductions:  Motor vehicle travel to and from work if having either shifting workplaces (working at more than one site…

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Is Bitcoin a Tax Haven?

27 November 2018

Bitcoins most important characteristic is that it is decentralised so no single institution controls the Bitcoin network. Bitcoin is pseudonymous, meaning that funds are not tied to real-world entities but rather bitcoin addresses. Owners of bitcoin addresses are not explicitly identified, but all transactions on the blockchain are public.  Bitcoin has been called a tax…

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Change Bad Debt into Good Debt

27 November 2018

This strategy is all about changing bad debt into good debt. Bad debt is defined as debts which don't help you build wealth and where the interest expense is non-deductible. This includes personal credit card debts, personal loans, HECS debts, primary residence home loans, etc. In contrast, good debt is debt which works to help…

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Tax Savings Strategy 215 – Super Contributions from Downsizing

22 November 2018

A person aged 65 or over can make a non-concessional contribution into superannuation of up to $300,000 from the proceeds of selling their principal residence (if they have owned it for at least 10 years). This is available to both members of a couple for the same home. This strategy is available from 1st July…

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Partnership

20 November 2018

A partnership involves two or more partners (people or entities) carrying on a business together with a view to profit. Partnerships are governed by the Partnership Act of the state or territory in which the partnership was formed, and are limited to a maximum of 20 partners. Partnerships have the following advantages:     It's…

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Ask for a Rent Reduction

15 November 2018

This strategy involves asking the landlord for a rent reduction. Landlords will be more open to reducing the rent where:   You are a good tenant that pays their rent on time and doesn't cause any trouble. Falling rents and increased vacancy rates means you are paying above-market rental rates.  Implementation process: Use property websites…

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2009 – China’s Pro-cigarette Smoking Tax

13 November 2018

The People’s Republic of China is the world’s largest producer and consumer of tobacco. China produces 42% of the world’s cigarettes, has 350 million Chinese smokers, and smokes 33% of the world’s cigarettes. The annual taxes on Chinese cigarette sales amount to hundreds of billions of yuan, and account for 10% of government revenue. In…

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Amusement, Fitness and Sports Centre Personnel

8 November 2018

Average weekly pay:          $1,000  Employment size:              13,700   Future growth:                    Very strong         Skill level                               Associate degree or diploma    Amusement,…

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2005 – A Tax on Body Piercings

6 November 2018

A 6% sales tax on body piercing was introduced by the US state of Arkansas in 2005. The state also applies the 6% sales tax to hair removal and tattoo services. Tax planning to avoid the Arkansas piercings tax is as simple as crossing the state border to have the piercings done interstate. The six…

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Air Conditioning, Refrigeration and Heating Services

1 November 2018

  Business Profile   Businesses in this industry install, repair and maintain ventilation, air conditioning, heating and refrigeration systems. Key Benchmarks Cost of sales to turnover is the key benchmark for this industry. Annual Turnover Range

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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