Four weeks might not seem like a long time but what you do this month could have a significant impact on your upcoming tax bill or refund. Yes, June 30 is rolling around again and along with getting your shoebox out and paperwork organised, the coming weeks represent a last-chance opportunity to organise your affairs to save on tax.

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UTS Business School Prizes and Scholarships Ceremony - 2011 Prizes and Scholarships Awarded for 2010 Academic Year
Higher-income earners can minimise the impact of the federal government's budget tax hikes and welfare cutbacks by deferring income, prepaying expenses and possibly splitting superannuation contributions with their spouse, according to tax experts.
AS soon as Wayne Swan finished delivering his budget speech on Tuesday, the nation's accountants and financial advisers had began thinking of ways to mitigate tax hikes and welfare cutbacks suffered by their clients. The government constantly tweaks the rules, but tax planners always adapt.
Over 40% of small business owners spend their nights fulfilling financial reporting obligations, a new study reveals, with a majority losing 60 hours per year of their personal time to tax issues.

comments-rhsLatest Comments

  • "Great insights on tax-saving strategies! Planning ahead before June 30 is crucial for maximizing returns. Thanks for the valuable tips!"

    By: SavePlus UAE at Feb 13, 2025 3:05PM

    Post: Tax-saving strategies to get in place before June 30

  • "Hi, I’m wanting some advice on setting up my new Personal Training business and the need to purchase a car that’s reliable and able to carry all my equipment. Can I claim the cost I pay for the car..."

    By: Kate Miller at Nov 22, 2023 10:30AM

    Post: Claiming car expenses

  • "Hello Mr Taxman. I am an American and live in America. I have a Forex trading account with Trade Nation in Australia. I have done well and made some profits. The total account is 42k with around 27k..."

    By: Bill at Oct 09, 2023 8:54PM

    Post: Foreign currency trading

  • "Hi, I work from home however I'm occasionally asked to go to my employer's home and work from her house. Can I claim this travel? "

    By: Erin at Aug 01, 2023 9:51AM

    Post: Claiming car expenses

  • "Hi, What is the protocol for claiming tax on my personal trailer which is used by my work for all general maintenance work on a full time basis. Thanks Lee."

    By: Les Wilkinson at Jul 09, 2023 5:35AM

    Post: Claiming car expenses