Changes to business expenses tax cap the budget's main 'game changer'.
The government promised a 'boring' second budget, but there were still a couple of surprises in last night's announcement for Australia's investors.
The last few years have been horror ones financially for alot of people. But 2015 is starting to look pretty good. Dr Adrian Raftery, senior lecturer in Financial Planning and Superannuation at Deakin University, provides a few ideas for creating your own list of New Year's resolutions to help put your finances in better shape in 2015.
The debate over abolishing negative gearing has been reignited by a new report.

Top tips for tax time

Jun 26, 2014

Tax time; those two simple words strike horror in the hearts of millions of taxpayers.
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comments-rhsLatest Comments

  • "In the Business Income schedule. Note the losses can only be offset against normal income if you satisfy one of the non-commercial loss tests."

    By: Mr Taxman at Aug 12, 2020 4:39AM

    Post: Foreign currency trading

  • "By trade size"

    By: Mr Taxman at Aug 12, 2020 4:37AM

    Post: Foreign currency trading

  • "Mr Taxman, In regards to the Non Commercial Losses, when determinin gthe 20k rule is that based on your Profit/Loss for the year combined or is it actually turnover from the size of your trades eg..."

    By: Greg Croot at Aug 10, 2020 12:52PM

    Post: Foreign currency trading

  • "Hello Taxman! I invested in BTCUSD trading using MT4 trading platform using a broker in HongKong. I am a Australian resident for tax purposes. I used to trade only 2-3 times a month. I made profilts..."

    By: Santosh at Aug 09, 2020 4:05AM

    Post: Foreign currency trading

  • "Hi Mrtax I’m a sole trader with an ABN, I work for myself as a Nanny. Would my home be considered my place of Business/work, where I then travel to my clients home to care for the..."

    By: Jessica at Aug 07, 2020 11:41PM

    Post: Claiming car expenses