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.
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.
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.
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.
When you were a kid there was always a doofus in the playground who claimed their mum gave them $20 when they lost a tooth, which seemed hard to believe. So what’s the going tooth fairy rate these days?
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.

comments-rhsLatest Comments

  • "Hello everyone my names are ALEX JACKSON from the UK, I want to use this golden medium to appreciate Doctor Abdul a great spell caster for helping me retrieving back my relationship with my ex lover..."

    By: alex at Apr 23, 2024 2:36AM

    Post: Unusual work from home expense you can claim a tax deduction for

  • "Get rid of all kinds of Herpes and virus infections, Diabetes, Hepatitis A B C, Menopause and HIV with Natural Roots and Herbs, i was once infected with HERPES and after using Dr UMA Herbal Medicine..."

    By: magriet dennis at Apr 23, 2024 2:14AM

    Post: Unusual work from home expense you can claim a tax deduction for

  • "Hello everyone my names are ALEX JACKSON from the UK, I want to use this golden medium to appreciate Doctor Abdul a great spell caster for helping me retrieving back my relationship with my ex lover..."

    By: alex at Apr 23, 2024 2:00AM

    Post: The Full Cost of Motoring in Australia

  • "Hello everyone my names are ALEX JACKSON from the UK, I want to use this golden medium to appreciate Doctor Abdul a great spell caster for helping me retrieving back my relationship with my ex lover..."

    By: alex at Apr 23, 2024 1:07AM

    Post: Unusual work from home expense you can claim a tax deduction for

  • "Amazing Love Spell To Get Back With your Partner and Fix Your Broken Relationship My wife broke up with me 3 months ago, and forced me to sign the divorce papers, and I was completely heartbroken..."

    By: EVANS at Apr 23, 2024 12:33AM

    Post: Unusual work from home expense you can claim a tax deduction for