Roydon Snelgar

Farm discretionary trust

2 June 2020

  Farm discretionary trusts are used to acquire land for primary production while also providing flexibility so the property can eventually be transferred to other family members. There is a stamp duty exemption available for the transfer of farming land: From one or more individuals who are members of the family or a company whose…

Tax Strategy – Change PSI to personal services business (PSB)

19 May 2020

Personal services income (PSI) is income produced mainly from an individual’s skills or efforts. It’s income that has the characteristics of employment income. For PSI income, the only deductions allowed against that income are expenses an employee would be entitled to deduct. If the personal services business (PSB) tests are passed, then taxpayers gain the…

Tax Strategy – Change PSI to personal services business (PSB) test

19 May 2020

Personal services income (PSI) is income produced mainly from an individual’s skills or efforts. It’s income that has the characteristics of employment income. For PSI income, the only deductions allowed against that income are expenses an employee would be entitled to deduct. If the personal services business (PSB) tests are passed, then taxpayers gain the…

Employee share plan trust

12 May 2020

Employee share schemes (ESS) give employees shares in the company they work for, or the opportunity to buy shares in the company.  Employees generally pay for the shares through a loan from their employer, through salary sacrifice, an upfront payment, from employee bonuses, or by using the dividends received on the shares. An employee share…

Macau

28 April 2020

                              Capital city:                Macau      Currency:                    Macanese pataca (MOP)      Population:                650,900    Language:      …

Public relations

14 April 2020

Public relations (PR) attempts to control the spread of information between a business and the public. PR uses free methods to reach a large targeted audience using topics of public interest and news items, rather than paid advertising. Public relations aim to inform the public, prospective customers, investors, partners, employees and other stakeholders and ultimately…

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

- Bono: U2