Mr Taxman
Change the way you feel about taxes.
Get informed and discover what the taxman doesn't want you to know.
Sharing it with Australia, Mr Taxman is a regular Woman’s Day columist and TV finance commentator
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Tags: PensionsSMSFSuper

The one millionth Australian has become a member of a self-managed superannuation fund according to Australian Taxation Office (ATO) statistics to be released later this month.
If you could go back and give your teenage self some sage money advice, what would it be? With Year 12 exams over and our region's school leavers contemplating their next move, we asked 'Mr Taxman' Adrian Raftery for his top money tips for school leavers to set them up for a prosperous future.
Renting out your property can be a great way to earn some extra income, but there are tax implications that it's important to be aware of before you put your home on the market. The most significant of these is the capital gains tax, or CGT, that you must pay upon the eventual sale of your investment property. However, by taking a closer look at how the CGT is calculated, you may find an exemption that you qualify for. There are certain exemptions allowed by the Australian Taxation Office, including those who rent out their primary residence.
Trustees of self-managed superannuation funds (SMSF) may have caught their breath this week when they read that the Australian Taxation Office had its eye on capital gains that were going tax-free once members moved into the pension phase.
I’ve spoken on several occasions about the benefits of using a log book to track your vehicle’s expenses and usage. By maintaining a record of capital costs, upkeep and other outlays you can claim your vehicle as a tax deduction. Many of you have been concerned about the change and what it means for you – below are eight answers to your most common questions.
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  • "BETTERMENT FUNDING {bettermentfunding@gmail.com} Hi everyone, i am Alexis Ohanian am so glade coming back to this great forum to testify about the help i received from Chester Brian. I was in..."

    By: Alexis Ohanian at Dec 13, 2017 6:00AM

    Post: Essential accounting tips for small business owners

  • "Hi. I am a care worker and most of the time I drive my own vehicle due to there not veing enough company vehicles. I have to carry ppe and a first aid kit with me. I don't need to go to the office..."

    By: Danni at Dec 11, 2017 2:32AM

    Post: Claiming car expenses

  • "Hi, My question relates to claiming a tax deduction on a new mortgage for shares already held. It feeds into a decision I'm making about selling the shares to pay down the mortgage or, in the..."

    By: Ryan at Dec 09, 2017 4:16AM

    Post: Borrowing to buy shares

  • "I have redrawed money from my home loan to buy shares over the last couple of years. I would now like to split my loan to make claiming interest simpler at tax time. My total cost for my shares held..."

    By: Simon at Nov 24, 2017 2:26AM

    Post: Borrowing to buy shares

  • "Hi, I would like to ask about the toll expense. Can we claim the gst back when we do quarter BAS? Thank you "

    By: Tommy at Nov 23, 2017 5:33AM

    Post: Claiming car expenses