Roydon Snelgar

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…

Read More »

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…

Read More »

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.…

Read More »

Bahrain

30 March 2018

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

Read More »

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…

Read More »

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…

Read More »

Ascension Island

23 March 2018

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

Read More »

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…

Read More »

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…

Read More »

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…

Read More »

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

- Bono: U2