Roydon Snelgar

Costa Rica

1 June 2018

         Costa Rica, literally meaning ‘Rich Coast’ in Spanish, is a country in Central America (bordered by Nicaragua, Panama, the Pacific Ocean, and Ecuador). The name La Costa Rica was first applied by Christopher Columbus in 1502 when he sailed to the eastern shores of Costa Rica during his final voyage and…

The Farm Horse Tax of 1797

29 May 2018

             In 1797 Great Britain introduced a farm horse tax on horses and mules that were used in husbandry or trade. The tax was levied at the rate of 2s per horse or mule. The tax collectors visited the farms to audit the farmers and ensure they were paying the…

Chile

25 May 2018

Chile is a South American country bordering Peru to the north, Bolivia to the northeast, Argentina to the east, and the Drake Passage in the far south. The name Chile comes from the Incas who called the valley of the Aconcagua, ‘Chili’. Augusto Pinochet’s authoritarian military government ruled Chile between 1973 and 1990. The first…

Salesperson Saves $1,551 in Tax

24 May 2018

    Objectives:     Roy, an employee software salesperson, uses his own motor vehicle for work purposes and is reimbursed the cost by his employer. Facts:   Incurrs $12,000 motor vehicle expenses for the year. Reimbursed 76%, or $9,120 by the employer. Accountant’s Advice: Tax Strategy 7: Double Dip For Employees Claiming Motor Vehicle…

Tax Deductions for Engineers

23 May 2018

Average weekly pay:      $1,953 Employment size:          125,400   Future growth:                Strong    Skill level                           Bachelor Degree or higher  Engineers design, construct, and maintain products, machines, and structures. Typical tax deductions: Travel…

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

- Bono: U2