Race on to soften federal budget's tax blow

May 14, 2011

Tags: Budget, Children, Deductions, Family, Personal tax, SMSF, Super

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.

Planners work to escape budget tax net: there are ways to minimise the impact of the new rules

May 14, 2011

Tags: Budget, Family, Personal tax

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.

Family trusts are down but not out

Jun 04, 2011

Tags: Budget, Family, Personal tax, Small Business

WHILE the May budget has cut back some of the tax benefits of using trusts, legislation introduced into federal parliament this week will provide much needed certainty for the 1.5 million Australians who are beneficiaries of these investment vehicles.

What you should know before starting a second job

Sep 16, 2020

Tags: Accountant Melbourne, Accountant Sydney, Budget, Chartered Accountant, COVID-19, Deductions, Employees, Employers, PAYG Instalments, PAYG Withholding, Personal tax

Around a million Australians were working a second job before the pandemic hit. While that number reportedly has fallen by almost 20% since March as jobs dried up, many workers are still relying on multiple jobs in order to make ends meet. If you have more than one job, here's what you need to know.

Here’s How Much It *Really* Costs To Win A Car, If You’re Sad You Didn’t Win Mr Beast’s Giveaway

Jun 27, 2024

Tags: Accountant Melbourne, Budget, Family, FBT, Personal tax

The world’s most popular YouTuber Mr Beast touched down in Australia this week to giveaway some cars and promote his new chocolate brand, but what exactly happens if you were lucky enough to win the coveted Lamborghini?

101 Ways to Save Money on Your Tax - Legally! 2020 - 2021

Jun 11, 2020

Tags: 101 Ways, Accountant Melbourne, Accountant Sydney, Bookkeeping, Borrowing, Budget, Business, Business Activity Statement (BAS), Cash Flow Boost, CGT, Chartered Accountant, Children, Company tax, Coronavirus, Coronavirus SME Guarantee Scheme, Coronavirus Supplement, COVID-19, Deductions, Education, Employees, Employers, Family, FBT, GST, Home Office, JobKeeper, JobSeeker, PAYG Instalments, PAYG Withholding, Pensions, Personal tax, Property, Retirement, Shares, Small Business, SMSF, Starting a Business, Super, Travel

An essential money-saving resource for every Australian who pays tax – updated for the 2020-2021 tax year and including the latest COVID-19 pandemic government relief measures.

101 Ways to Save Money on Your Tax - Legally! 2019-2020

Jun 01, 2019

Tags: 101 Ways, Accountant Melbourne, Accountant Sydney, Bookkeeping, Borrowing, Budget, Business, Business Activity Statement (BAS), CGT, Chartered Accountant, Children, Company tax, Deductions, Education, Employees, Employers, Family, FBT, Financial Planning, GST, Home Office, PAYG Instalments, PAYG Withholding, Pensions, Personal tax, Property, Retirement, Shares, Small Business, SMSF, Starting a Business, Super, Travel

An essential money-saving resource for every Australian who pays tax – fully updated for the 2019-2020 tax year.

101 Ways To Save Money on Your Tax - Legally! 2018-2019

Jun 01, 2018

Tags: 101 Ways, Accountant Melbourne, Accountant Sydney, Bookkeeping, Borrowing, Budget, Business, Business Activity Statement (BAS), CGT, Chartered Accountant, Children, Company tax, Deductions, Education, Employees, Employers, Family, FBT, Financial Planning, GST, Home Office, PAYG Instalments, PAYG Withholding, Pensions, Personal tax, Property, Retirement, Shares, Small Business, SMSF, Starting a Business, Super, Travel

The essential money-saving tax resource, updated for 2019-2020

101 Ways To Save Money On Your Tax - Legally 2016-2017

Jun 01, 2016

Tags: 101 Ways, Accountant Melbourne, Accountant Sydney, Bookkeeping, Borrowing, Budget, Business, Business Activity Statement (BAS), CGT, Chartered Accountant, Children, Company tax, Deductions, Education, Employees, Employers, Family, FBT, Financial Planning, GST, Home Office, PAYG Instalments, PAYG Withholding, Pensions, Personal tax, Property, Retirement, Shares, Small Business, SMSF, Starting a Business, Super, Travel

Mr. Taxman is back with essential money-saving tax tips for 2016-2017

101 Ways to Save Money on Your Tax - Legally! 2017-2018

Jun 01, 2017

Tags: 101 Ways, Accountant Melbourne, Bookkeeping, Borrowing, Budget, Business, Business Activity Statement (BAS), CGT, Chartered Accountant, Children, Company tax, Deductions, Education, Employees, Employers, Family, FBT, Financial Planning, GST, Home Office, PAYG Instalments, PAYG Withholding, Pensions, Personal tax, Property, Retirement, Shares, Small Business, SMSF, Starting a Business, Super, Travel

Mr. Taxman is back to save you even more on your 2017-2018 tax

comments-rhsLatest Comments

  • "Yes you show the km allowance as taxable income and then you can also make a claim for your car travel. Under the cents per kilometre method you are limited to the first 5000km. So if you get..."

    By: Mr Taxman at Jun 04, 2025 11:57PM

    Post: Claiming car expenses

  • "No would not be able to claim the Uber home nor to the station the next day. The trip to the off-sit meeting would be claimable."

    By: Mr Taxman at Jun 04, 2025 11:55PM

    Post: Claiming car expenses

  • "Depends on your finance type ... if you takeout a lease then the lease payment forms part of your costs (but no depreciation can be claimed) ... if you takeout a Hire Purchase or a Loan then only the..."

    By: Mr Taxman at Jun 04, 2025 11:54PM

    Post: Claiming car expenses

  • "The cost of the trailer itself could be depreciated - usually over 8 years. Assuming no personal usage with it then 100% of that depreciation plus annual rego could be claimed."

    By: Mr Taxman at Jun 04, 2025 11:50PM

    Post: Claiming car expenses

  • "That would be a non-deductible trip unfortunately Erin"

    By: Mr Taxman at Jun 04, 2025 11:48PM

    Post: Claiming car expenses