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Planners work to escape budget tax net: there are ways to minimise the impact of the new rules

May 14, 2011

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.

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Tags: Budget, Family, Personal tax

Author: The Australian

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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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