Roydon Snelgar

Livestock Agent Reduces Taxable Income by $75,000

12 April 2018

    Objectives:       Mathew is a self-employed livestock agent operating in Harvey, WA. Mathew’s twin objectives are to purchase a farm to breed cattle and save tax. Facts:  Mathew’s livestock agency business produces $200,000 profit pa. 300,000 super balances (Mathew and Jane). Farm cost $600,000. Accountant’s Advice:  Tax Strategy 68: Establish a Family…

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Tax Deductions for Cleaners

11 April 2018

  Average weekly pay:       $896 Employment size:            179,500   Future growth:                  Stable         Skill level                             High School or Certificate I Cleaners clean houses, offices, hotels, hospitals,…

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1767 – Townshend Revenue Act

10 April 2018

  On 24th May 1607 the British Virginia Company landed their three ships near the mouth of the Chesapeake Bay area on the banks of the James River. There they founded the first permanent English colony in the New World. Now known as Jamestown, Virginia, this was the start of the British colonisation of the…

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Belize

6 April 2018

Capital city:                Belmopan      Currency:                    Belize dollar (BZD)    Population:                387,528   Language:                  English     GDP:                 …

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Tax Savings Strategy 204 | Purchase Loss Company

5 April 2018

This strategy involves purchasing a loss-making business and taking ownership of the company structure (to access the accumulated tax losses). Clearly this is only going to make economic sense if the purchaser can restructure and improve the business to turn the current operating losses into ongoing profits. This strategy can be attractive for the following…

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Tax Deductions for Cafe & Restaurant Workers

4 April 2018

Average weekly pay:            $800 Employment size:                 98,100   Future growth:                       Very strong    Skill level                                 High school or Certificate…

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The Stamp Act of 1712 imposed a stamp tax on United Kingdom publishers

2 April 2018

   The Stamp Act of 1712 imposed a stamp tax on United Kingdom publishers. The tax was levied on all publishing including newspapers, pamphlets, legal documents, commercial bills, advertisements, and other papers. The tax was initially assessed at one penny per whole newspaper sheet, a halfpenny for a half sheet, and one shilling per advertisement.…

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Bahrain

30 March 2018

Capital city:                Manama      Currency:                    Bahraini Dina (BHD)      Population:                1,425,171    Language:                  Arabic     GDP:             …

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Tax Deductions for Factory Workers

28 March 2018

Average weekly pay:          $1,027  Employment size:               30,900   Future growth:                     Very Strong       Skill level                                High School or Certificate I   Factory…

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1712 – Queen Anne Introduces a Wallpaper Tax in Great Britain

27 March 2018

   Wallpaper is a material used to cover and decorate the interior walls of homes and other buildings. It is usually sold in rolls and at its most rudimentary is just plain lining paper that is painted or used to help cover uneven surfaces and minor wall defects. Of course, the majority of hung wallpaper…

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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