Roydon Snelgar

Gibraltar

12 May 2017

Capital city:             Gibraltar Currency:                Sterling or Gibraltar Pounds Population:             32,194 Language:              English and Spanish. The local dialect is a mixture of the two and is known as ‘Yanito’  GDP:    …

Read More »

Tax Planning Strategy 168 | Business Trips for Employees and Spouses

11 May 2017

Business travel involves being away from home for at least one night for business purposes. This is to be contrasted with other types of private travel such as for leisure purposes or regularly commuting between one’s home and workplace. Reasons for business trips include visiting customers or suppliers, meetings at other company locations, professional development…

Read More »

2017 Federal Budget Produces 4 New Tax Strategies

11 May 2017

We have added four new strategies to our Tax Planning Strategy Database as a result of the 2017 Federal Budget.  First home deposit scheme Super contributions from downsizing Managed investment trusts investing in affordable housing 60% CGT discount for affordable housing investments. Learn more about the new budget at Budget 2017-2018.

Read More »

Software Upgrades May 2017

11 May 2017

On the 10/05/2017 we made the following updates to our software: New updated Tax Planning Report cover The strategy DB now has a search functionality so you can search for strategy names Accountants now have the ability to unsubscribe their clients from the newsletter. (This is done by going to My Subscribers > View Full…

Read More »

Illegal Tax Saving Strategies

10 May 2017

Illegal tax saving strategies damage the fabric of society and Government policy is clearly to minimise or eliminate them. If tax avoidance is left unchecked, the perception of unfairness has the potential to undermine the voluntary ethic in the broader tax system.  Every accounting practice in Australia will have at least a couple of clients…

Read More »

Austria

5 May 2017

Capital city:                Vienna     Currency:                    Euro (€)       Population:                 8.7 million   Language:                  Austrian & German    GDP    …

Read More »

Tax Planning Strategy 170 | Amend Prior Years Tax Returns

4 May 2017

It is good practice to review the prior year’s tax returns of all new clients to see whether any allowable deductions have been omitted from the return. If allowable deductions have been omitted (and can be substantiated) and the time limits on income tax amendments are met, the prior year’s returns can be amended. The…

Read More »

Australia’s First Taxes – Excise and Customs Duties (1813)

3 May 2017

The English navigator James Cook became the first European to map the east coast of Australia in 1770 and a First Fleet of British convicts followed to establish a penal colony at Sydney in 1788. When the first Governor, Governor Phillip, arrived with the First Fleet he had a Royal Instruction that gave him power…

Read More »

Principality of Hutt River

28 April 2017

Capital city:                Nain     Currency:                    Hutt River Dollar            Population:                23   Language:                  English & French   GDP  …

Read More »

Tax Planning Strategy 175 | Employees of Religious Institutions

27 April 2017

Benefits provided to employees of religious institutions in respect of pastoral duties or other duties or activities directly related to the practice, study, teaching or propagation of religious beliefs is exempt from FBT.  The FBT exemption applies where: A religious practitioner is an employee of a registered religious institution. A benefit is provided to the…

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