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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When starting up a new business, it's easy to get caught up in the marketing and sales aspects of the operation. Yet it's important to implement an organized accounting system right from the start, both to keep finances in line and to minimize confusion when tax deadlines roll around.
The only constant about tax is change. Dr Adrian Raftery, a senior lecturer at Deakin University and author of 101 Ways to Save Money on Your Tax - Legally! 2014-2015 edition (Wrightbooks, June 2014, AU$24.95), provides us with some of the tax changes coming into play from 1 July 2014.
Small business entities (SBE’s) – businesses with annual turnover of under $2 million - have access to a range of concessions which not only help reduce their taxable income but are also designed to make tax administration easier. Mr Taxman, Adrian Raftery, author of 101 Ways to Save Money on Your Tax - Legally! 2013-14 edition (Wrightbooks, June 2013, AU$24.95), gives some excellent tips for small business owners to action and minimise your business’ tax bill this year.
Long-held tax myths continue to plague Australian small businesses, exposing many to substantial tax penalties, according to the latest small business research.
I have recently given up working so Trading is my only form of income. Is it possible to offset trading losses over the past 8 years to any future profits before paying tax? Also would it be advisable to set up a Hybrid Trust to distribute funds to beneficiaries?
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  • "Contact us for a loan today and let your dreams come true. We give out all types of loan, and we give out loan to those who are from age 20 upwards. We also give loans to those who are disabled..."

    By: Larry at Apr 20, 2018 9:26AM

    Post: Foreign currency trading

  • "Contact us for a loan today and let your dreams come true. We give out all types of loan, and we give out loan to those who are from age 20 upwards. We also give loans to those who are disabled..."

    By: Larry at Apr 20, 2018 9:25AM

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

  • "Contact us for a loan today and let your dreams come true. We give out all types of loan, and we give out loan to those who are from age 20 upwards. We also give loans to those who are disabled..."

    By: Larry at Apr 20, 2018 9:23AM

    Post: Nine tax tips for rental property investors

  • "I pay individual (oversea) 30% of the profit earn from my forex trading. He execute and manage all the trading for me.How can I claim this expenses. Ask him to issue me an invoice? As Consultant fee?..."

    By: FX YTS at Apr 17, 2018 10:27PM

    Post: Foreign currency trading

  • "I'm under the threshold and my employer is taking money out of my pay each week for HECS. I want him to stop, but if I put NO in a TFNDeclaration, then I am lying, because I have debt, if I leave it..."

    By: Tina at Apr 14, 2018 3:54AM

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