SARS Tax Season 2024 Now Open

With S-corp status, owners can be company employees, as long as they pay themselves a reasonable salary. The salary is subject to traditional payroll taxes and is considered a company expense. Any additional profit is not subject to self-employment taxes, potentially saving the owners money.

• This tax arrangement works well for many LLCs, but as the business becomes more profitable it may make sense to consider electing S-corp taxation.
• But it’s also important to exercise your creative muscles and try something new.
• LLCs also differ from business trusts, as they are not subject to trust-specific tax rates.
• So, use natural light whenever possible to minimize disturbance.
• Distributions to shareholders are taxed again as personal income.

Housingcamera.com

This practice reduces the amount of water light must travel through, resulting in better focus and richer colors. Fisheye lenses are a type of ultra wide angle lenses that basically give you 180° of view. While their distortion is often too much for above water, they are great for underwater photography because you can get even closer to the object.

From exploring underwater wrecks and archaeology, photographers now delve deeper into advanced techniques. The ultimate guide to shooting wrecks involves understanding light manipulation and composition within these silent giants of the sea. Underwater photographers must learn how to weave through tight spaces within shipwrecks, avoiding disturbing delicate ecosystems or historical artifacts. You also need accessories like lens filters and waterproof cases.

• You’ll also be more familiar with animals’ behavioral habits so that you’ll have a better idea of how and where to shoot them.
• A common type of irrevocable trust is an asset protection trust, which you can form to shield trust assets from creditors.
• Rene Umberger, Howard Hall, and Shark Angels have all shared stories about their early mistakes in underwater workshops.

Increase the saturation of blues and greens to restore the underwater colours. Be careful not to oversaturate, as it can lead to unrealistic-looking images. But it’s also important to exercise your creative muscles and try something new. You could also hop on a plane and try diving in an entirely new area. Saving your energy and slowing down your dive goes a long way towards seeing more stuff. When diving on coral reefs, it’s often interesting to pause for a few minutes and sit in a sandy patch.

Underwater Photography Tutorials: Essential Techniques

Longer wavelengths of light cannot penetrate that far into the water as they are absorbed relatively quickly. The first to disappear is red, and this is why everything looks “dull” underwater until you introduce your own light source. This is why many professional underwater camera rigs have big strobes (flashes) attached to them.

Use Spot Focus Mode

With the right combination of pieces, you can put together an excellent training setup without investing thousands of dollars. With this starter kit approach, you can build your underwater shooting experience and have a better idea of your equipment priorities before you spend your big bucks. But true macros open up a whole new world of underwater images. Even scuba divers familiar with the underwater world are surprised by all of the tiny details they miss. Looking at the macro world takes patience and a detail-oriented approach. No matter what type of image you take underwater, you are nearly always close to the subject.

Free nature photography tutorials, inspirational features and gear reviews.

Let’s unpack what this means for financial planning and estate… The combination of accelerated write-offs in respect of capital expenditures, along with softer income tax rates at lower levels of profitability create the need for income tax planning for SBC’s. By purely timing the business’ investment in capex correctly, a legitimate and advantageous net tax position could result. A trust is a legal arrangement where a trust owns and operates assets on behalf of the beneficiaries. The key feature of a trust is that the trustee is the legal owner of the assets and has the power to enter contracts and make decisions on behalf of the trust.

What are the LLC Articles of Organisation?

This article aims to offer a thorough comparison of these two structures to assist you in making an informed decision when setting up your business. While these changes mean that some of the advantages to using a trust may be limited, there are still multiple tax and non-tax advantages to using a trust. One of the most prevalent Companies, Trusts And Small Business Corporations reasons for an entrepreneur to establish a business is the ability to make major decisions. The degree to which one individual may make all choices, or how decision-making responsibilities are distributed among a group, is determined by the business’s ownership structure. Although choosing the right entity won’t ensure success, choosing the wrong entity can prove expensive. Because each of these business types has advantages or disadvantages for the taxpayer, the practitioner can give important advice on this selection.

Get to Know the Marine Life

Irrevocable trusts are helpful in avoiding taxes on gifts or protecting the beneficiary’s inheritance from legal actions from creditors if the beneficiary has financial issues later in life. Ensure you’re familiar with the camera settings, how the housing operates, and how your light sources impact the scene. This preparation allows for quick adjustments and better responses to the dynamic underwater world, leading to higher-quality shots. In showcasing the depths of the oceans, these three underwater photographers bring the undersea world to the surface. They record breathtaking images that offer a glimpse into the aquatic world few get to see firsthand.

This style typically requires a macro lens and additional lighting but allows you to showcase the minute wonders of marine life, from the texture of coral to the eyes of a tiny shrimp. After capturing the vast beauty with wide angle shots, focus shifts to enhancing underwater scenes using creative lighting techniques. Single strobe shooting lights up your subject while keeping the water background dark. Mastering the art of diving photography requires a combination of techniques, an understanding of the diving environment, and knowledge of essential concepts.

If the light source goes straight forward and bounces straight back to the camera, you are guaranteed to capture the maximum amount of backscatter. Having sunlight filtering down from above often makes an underwater image stand out. While the strobes are essential tools, don’t disregard the presence of other light sources.

Probate occurs when someone dies, and their descendants have to go into court to determine how the deceased’s assets are to be divided. This process can not only be stressful and time-consuming, but it is also on the public record. Tax law regularly changes, so any tax information on this site could become outdated. As a dedicated accountant or tax practitioner, you’re now part of a community that values staying ahead in the ever-evolving world of finance. We’re excited to bring cutting-edge updates, insights, and tips tailored to your professional growth.