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Eight ways to beat the taxman

Jun 01, 2011

June 30 is just four weeks away. Annette Sampson asks the experts for their top tips.

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.

This is the first year in eight that we haven't had a tax cut to look forward to. Indeed, many people will get an effective tax rise with the one-year flood levy due to come in from July 1.

Money asked the experts for their top tips for getting our finances in order for the end of financial year.

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comments-rhsLatest Comments

  • "My employer is going to take my company car off me and instead provide me a $16,000pa car allowance. I am a serviceman who needs to carry large parts and I have no fixed place of work, therefore I am..."

    By: Glen at May 17, 2012 1:26PM

    Post: Claiming car expenses

  • "My employer is going to take my company car off me and instead provide me a $16,000pa car allowance. I am a serviceman who needs to carry large parts and I have no fixed place of work, therefore I am..."

    By: Glen at May 17, 2012 1:25PM

    Post: Claiming car expenses

  • "I don't know what the Award would say but as far as aI know, alot of employers do not pay for this travel. That said though, I would definitely be asking them if they could pay a kilometre allowance..."

    By: Mr Taxman at May 13, 2012 8:28AM

    Post: Claiming car expenses

  • "Hello there I have been told by my boss that I have to travel 2 hrs to get to a meeting. and that this is a compulsory meeting. should my boss be paying for my travel expenses to get to this..."

    By: colleen at May 12, 2012 10:15PM

    Post: Claiming car expenses

  • "Hi Simone - tough choice. Do you earn interest at 5% but have to pay tax on any interest or should you pay off your debt & get the 5% discount without any tax consequence? I woul dprobably choose..."

    By: Mr Taxman at May 10, 2012 1:47PM

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

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