Roydon Snelgar

Ascension Island

23 March 2018

Capital city:                Georgetown      Currency:                    Saint Helena Pound     Population:                806   Language:                  English    GDP:                 …

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Release Notes | February 2018

23 March 2018

February Release Highlights: Option to remove TaxFitness logo and branding (for the tax savings report). Practices can customise all colours in the tax savings report to match their practice branding. Full colour palette available.  8 tax strategy filters added:  Employees, Investors,  Businesses,  Buying/Starting a business, Selling a Business, Capital investment Rental properties, SMSFs. The 4…

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Tax Savings Strategy 203 | Granny Flats

22 March 2018

A granny flat is a self-contained secondary dwelling built on a residential property. Granny flats must be self-contained with their own kitchen, bathroom, and living space. The cost of building a granny flat ranges from $60,000 to $150,000 with $100,000 an approximate average. Granny flats are great for older parents, university students, children moving out…

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Tax Deductions for Hairdressers

21 March 2018

      Average weekly pay:          $800  Employment size:               54,400   Future growth:                    Moderate       Skill level                               Certificate III or IV   Hairdressers cut…

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1712 – England Introduces the Soap Tax

20 March 2018

         Soaps are derivatives of fatty acids and have traditionally been made from triglycerides, oils and fats. The earliest record of soap manufacturing was 200 BC in ancient Babylon. Soaps are used for washing, bathing, cleaning, and lubricating greases.  The core ingredient of soaps includes tallow (which is rendered beef fat), palm…

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Aruba

16 March 2018

Capital city:                Oranjestad    Currency:                    Aruban florin (AWG)    Population:               104,822    Language:                  Dutch     GDP:                   …

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Truck Driver Saves $14,513 in Tax

15 March 2018

    Objectives:    Tom Roberts owns and drives his own truck making contract freight deliveries around Perth five days per week. When Tom visited his Balcatta, WA accountant he said he was concerned about the financial viability of his business and worried about protecting the family home if the business failed. Facts:  $120,000 gross…

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Tax Deductions for General Practitioners

14 March 2018

Average weekly pay:          $1,850  Employment size:                67,300   Future growth:                     Very Strong       Skill level                                Bachelor Degree or Higher   A…

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The Romans Developed the First Trusts (Fideicommissum)

13 March 2018

  A trust is a fiduciary relationship in which one party, known as a trustor (or settlor), gives another party, the trustee, the right to hold title to property or assets for the benefit of a third party – the beneficiary. Trusts are governed by the terms under which they are created and are usually…

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Antigua

9 March 2018

In 2006 the United States legislated the Unlawful Internet Gambling Enforcement Act which criminalised the operations of offshore gambling operators which take wagers from American-based gamblers. This was a violation of the GATS treaty obligations enforced by the World Trade Organisation (WTO) and allowed Antigua to retaliate and disregard intellectual property obligations to the US.…

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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