Roydon Snelgar

Husband & Wife Doctors Save $42,534 in Tax

1 March 2018

    Objectives:  The two doctors are self-employed and operate through their practice company.  When they visited their accountant, they said they would like to payout their $500,000 private mortgage as quickly as possible, and restructure their affairs to save some tax as well. Facts:  Family taxable income $880,000. SMSF with $800,000 cash at bank.…

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Tax Deductions for Truck Drivers

28 February 2018

  Average weekly pay:         $1,300  Employment size:             173,000   Future growth:                   Moderate       Skill level                              Certificate II or III   Truck drivers drive heavy trucks, tow…

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1710 – A Tax on Playing Cards

27 February 2018

A playing card is a piece of specially prepared heavy paper, plastic-coated paper, cotton-paper blend, or thin plastic, marked with distinguishing motifs and used as one of a set for playing card games. Playing cards are typically palm-sized for convenient handling and were first invented in China during the Tang dynasty in 900 AD. Although…

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Andorra

23 February 2018

Capital city:                Andorra la Vella Currency:                    Euro (EUR)   Population:                77,281   Language:                  Catalan     GDP:                     …

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Tax Savings Strategy 202 | Uber Partners

22 February 2018

This strategy is about using your private vehicle to operate an Uber business and make additional income (whilst at the same time making your private vehicle expenses tax deductible).  Deductible Uber business expenses include: Fuel Registration Insurance Repairs, tyres and maintenance costs. Depreciation on the car purchase cost. Car purchase cost (if less than $20,000)…

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

- Bono: U2