Roydon Snelgar

Tax Savings Strategy 205 | Company Shares Owned by Family Trust

18 April 2018

This strategy involves having a company’s ordinary shares owned by a family trust structure (instead of the individual directors). This applies irrespective of whether the company operates a business or holds investments. The advantages of this strategy include: Provides asset protection – If the directors personally go bankrupt then the company is protected as the…

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Tax Deductions for Ministers of Religion

18 April 2018

       Average weekly pay:          $932  Employment size:                23,100   Future growth:                     Moderate       Skill level                                Bachelor Degree or…

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1773 – A Tax on Tea

17 April 2018

                The East India Company (EIC) was a British joint-stock company formed in 1600 to pursue trade with the East Indies (Southeast Asia). The company ended up mainly trading with China and seizing control of the Indian subcontinent. The company traded in basic commodities such as cotton, silk,…

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201 Tax Saving Strategies

13 April 2018

This book details 201 tax saving strategies and ideas, that if implemented will save you tax. It doesn’t matter whether you are an employee, investor, or business owner, there are tax strategies that apply to your circumstances. Often taxpayers are unaware of all the tax saving strategies that are available. This is understandable as the…

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Bolivia

13 April 2018

     Capital city:                Sucre, La Paz      Currency:                    Boliviano (BOB)    Population:                11,410,651    Language:                  Spanish     GDP:         …

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

- Bono: U2