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
  • click to visit Mr Taxman on Twitter
  • click to visit Mr Taxman on FaceBook
  • rss
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.
  • 1

Media Availability

Are you interested in booking Mr Taxman for a speaking engagement or requesting his viewpoints for an article?

comments-rhsLatest Comments

  • "If i used a line of credit to purchase the shares, what documentation do I need to prove the loan was used for investments? Does it matter that I also have a home loan for a owner-occupied home? "

    By: Brad at Oct 18, 2017 9:02AM

    Post: Borrowing to buy shares

  • "HI Mr Taxman, I am part time UBER driver. Since my full time job salary is high and my wife is unemployed, can I get my wife buy a car and rent to me? Each week I pay part of my UBER income as car..."

    By: Peter at Oct 17, 2017 3:42AM

    Post: Marriage

  • "Hi Mr Taxman, great page and comments. I have a question about Bitcoin. Given that Bitcoin is a 'currency', if I am effectively holding bitcoin in a wallet/account (not trading, just buying and..."

    By: MDL at Oct 16, 2017 7:30PM

    Post: Foreign currency trading

  • "Hi, I moved to Australia in Feb 2016 and settled in Sydney. In July i got job in Newcastle but could not move there with family so opted the option of acquiring a temporary accommodation and going to..."

    By: Syed Sajjad Raza at Sep 23, 2017 2:37AM

    Post: Claiming car expenses

  • "Hi Mr. Taxman, I've been doing full-time FX trading for a few years.. on average about 50k USD a year in expenses and 250k - 500k USD a year in pnl. In the US I can deduct expenses and pay around..."

    By: liqdub at Sep 21, 2017 8:34AM

    Post: Foreign currency trading