Roydon Snelgar

A New Version of TaxFitness!

21 February 2018

We are excited to announce a new and advanced / improved / upgraded version of TaxFitness! Branding You can now remove the TaxFitness logo and branding from your Tax Savings Reports and add your own brand colours quickly and easily as a practice manger from My Practice. Integrated Mud Map We have integrated the Client…

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Tax Deductions for Accountants

21 February 2018

Average weekly pay:          $1,400  Employment size:              188,100   Future growth:                    Strong      Skill level                               Bachelor Degree or Higher   Accountants provide services relating…

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1709 – Candle Tax

20 February 2018

A candle is an ignitable wick embedded in wax, fat, tallow or another flammable solid substance. They have been used throughout history for light, heat, fragrance, aesthetic value and sometimes to tell the time. The earliest candles originated in Han China around 200 BC and were made from whale fat. By the 13th century, candle…

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Using Tax Havens to Hide from the Law

16 February 2018

Fugitives often use tax havens as a refuge when fleeing from jail, government arrest, government or non-government questioning, vigilante violence, or outraged private individuals. When hiding from law enforcement agencies taking refuge in a different country makes sense.  Tax haven countries can be attractive to fugitives as they: Are easy to enter and gain residency. Have…

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Tax Deductions for Blacksmiths

15 February 2018

Average weekly pay:          $700  Employment size:               2,500   Future growth:                    Decline       Skill level                               Certificate III or IV A blacksmith is a…

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Private Investigator Saves $16,410 in Tax

14 February 2018

Objectives:   Simon Jones operates a metro based private investigator business providing investigatory and surveillance services. When Simon visited his accountant, he said he was concerned about potential legal claims from unhappy individuals they had investigated on behalf of clients. Facts:     $260,000 gross fee income. $80,000 business wages, contractors and overheads. Single. Current tax…

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1628 – Ship Money

13 February 2018

The Plantagenet Kings of England had the medieval right to require Maritime towns and counties to furnish them with ships in times of war. This duty was sometimes commuted for money, which became known as ‘ship money’. Ship money was unique as it was one of the few taxes the Monarchy could levy without the…

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Corruption and Tax Havens

9 February 2018

Corruption is a form of dishonest or unethical conduct by a person entrusted with a position of authority, often to acquire personal benefit. Government or political corruption occurs when an office-holder or other governmental employee acts in an official capacity for personal gain. Corruption creates the opportunity for increased inequality, reduces productivity, growth, investment and…

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Tax Savings Strategy 200 | $1,000 In-House Benefits

8 February 2018

This strategy involves employee’s salary sacrificing $1,000 of wages income (which is taxable) for $1,000 of employer provided goods or services (which is tax free). The goods or services provided by the employer must be same ones as they sell to their customers. So a clothing retailer for example, could provide $1,000 of free clothing…

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Tax Deductions for Waiters

7 February 2018

Average weekly pay:          $804  Employment size:              120,000   Future growth:                    Strong      Skill level                               Certificate II or III   Waiters serve food and…

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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