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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The fringe benefits tax car parking threshold for the FBT year commencing 1 April 2011 is $7.71.
In his fourth attempt, Wayne Swan delivered another tame, yet solid, Federal Budget for the nation this week. The $22.6 billion deficit is scary and is actually $12.3 billion more than what was expected due to lower tax revenue. But the Treasurer is predicting a return to surplus in two years' time. Good news.
The Tax Office has some useful tips and information to help businesses start the new year on the right foot. There are some important things all small businesses need to remember, including good record keeping practices, meeting GST obligations, reporting, paying tax and superannuation.
If you are a trustee of a Self Managing Superannuation Fund (SMSF) you have a range of responsibilities that you must adhere to in the day-to-day operation of your fund. Here is a checklist outlined in the Government's Role and Responsibilities of Trustees paper which details what you must be aware of as a trustee of a SMSF.
Use this to see if you can claim a tax deduction for home office expenses as part of your business or employment.
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comments-rhsLatest Comments

  • "Does my accountant have access to my registered relationship eg: will they know who I am in a relationship with and since when? Al"

    By: al at Oct 31, 2019 6:43AM

    Post: Marriage

  • "Hi, I am a doctor and I am contracted to work at Hospital "A". I however rotate every 10 weeks in different hospitals for my work (say Hospital "B" a few months ago). Am I able to claim car travel..."

    By: Sam at Oct 30, 2019 5:54AM

    Post: Claiming car expenses

  • "I’m looking to do my tax return myself online this year, have previously used a tax agent. I’ve never given my spouses details before when using an agent. I do not live permanently with him, nor do..."

    By: Hannah Snelling at Oct 30, 2019 4:09AM

    Post: Marriage

  • "Hi Mr Tax Man, This tax year I will be over the threshold and will receive a HELP bill to pay. Problem is I am moving to a low employment area for family reasons and It could be some time before I am..."

    By: will at Oct 06, 2019 11:44PM

    Post: Two important dates for those with HECS/HELP debts

  • "I have a brought a brand new Toyota hilux sr5 in 2016.. I claim the car 100% for work use as I carry tools and soley own use for work purposes.. what is the deminishing value of the car per year??..."

    By: Mark at Aug 20, 2019 12:07PM

    Post: Claiming car expenses