Roydon Snelgar

Tax Savings Strategy 197 | Long Service Awards

18 January 2018

Long service awards granted in recognition of 15 years or more service are tax deductible and FBT exempt, provided the value of the award doesn’t exceed the following specified amounts: $1,000 for 15 years’ service. Plus $100 per additional year of service. Where the value of an award exceeds the relevant maximum value, no part…

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Tax Deductions for Real Estate Agents

17 January 2018

  Average weekly pay:            $1,150  Employment size:                 88,900   Future growth:                       Strong      Skill level                                 Certificate III or…

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Scrutage Tax | Buying out Military Service Obligation

16 January 2018

  In 1100 the English introduced a Feudal land tenure system for mounted knights called knight-service. The king issued knights with small blocks of land in exchange for them taking a vow of loyalty and accepting the obligation to perform military service. When the knights were called, they were required to provide forty days military…

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Tax Deductions for Undertakers

12 January 2018

Average weekly pay:    $Unavailable  Employment size:         2,200   Future growth:              Very strong    Skill level                         Associate degree or diploma   Funeral workers prepare bodies for viewing and burial, arrange and conduct funerals, and perform other specialist…

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Tax Deductions for Bricklayers and Stonemasons

12 January 2018

Average weekly pay:     $1,200 Employment size:         33,300   Future growth:              Moderate    Skill level                         Certificate III or IV   A bricklayer is a craftsman who lays bricks to construct brickwork.  A stonemason is one who lays…

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Tax Deductions for Flight Attendants

12 January 2018

Average weekly pay:     $1,110 Employment size:         12,000   Future growth:              Very strong    Skill level                        Certificate III or IV  Flight attendants (also known as stewards/stewardesses, air hosts/hostesses, cabin attendants) are members of an aircrew employed…

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Tax Deductions for Chefs

12 January 2018

Average weekly pay:     $1,050 Employment size:         85,000   Future growth:              Very strong    Skill level                        Associate degree or diploma   A chef is a trained professional cook who is proficient in all aspects of food preparation.…

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Tax Deductions for Actors, Dancers & Other Entertainers

12 January 2018

  Average weekly pay:           $600  Employment size:                6,000   Future growth:                     Strong      Skill level                                Bachelor degree or higher   Actors,…

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Money Laundering Using Tax Havens

12 January 2018

Money laundering is the process of transforming the profits of crime and corruption into ostensibly ‘legitimate’ assets, and the hiding of income/wealth from Governments to avoid taxation. Placing ‘dirty’ money in a service company, where it is layered with legitimate income and then integrated into the flow of money, is a common form of money…

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Tax Savings Strategy 196 | FBT Exempt Work Related Items

11 January 2018

Providing the following work related items to employees is tax deductible and FBT exempt: Portable electronic devices such as mobile phones, laptops, tablets, portable printers and GPS navigation receivers. Computer software. Protective clothing Briefcases. Tools of trade. Even when employees salary sacrifice the cost of the items with their employees they still benefit from saving…

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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