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.
Like many landlords, Cleo Glyde always believed property investing was a reliable way to make money – it's stable, simple and it comes with hefty tax breaks. Now she's not so sure.
With an onslaught of extra people working from home thanks to COVID-19, tax-time in 2020 could look a little different from previous years.
While many savvy retailers are great at tricking people into spending money at this time of year purely to get a tax deduction, there are genuine ways to spend for a better tax refund.
An essential money-saving resource for every Australian who pays tax – updated for the 2020-2021 tax year and including the latest COVID-19 pandemic government relief measures.

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  • "Hi, my partner just purchased a new car for work purposes only. He carries bulky equipment and has been able to claim in the past. My vehicle and his old vehicle are used for personal use and the new..."

    By: Kim H at Jan 20, 2022 8:55AM

    Post: Claiming car expenses

  • "Hi, my partner just purchased a new car for work purposes only. He carries bulky equipment and has been able to claim in the past. My vehicle and his old vehicle are used for personal use and the new..."

    By: Kim H at Jan 20, 2022 8:55AM

    Post: Claiming car expenses

  • "Hi, my partner just purchased a new car for work purposes only. He carries bulky equipment and has been able to claim in the past. My vehicle and his old vehicle are used for personal use and the new..."

    By: Kim H at Jan 20, 2022 8:55AM

    Post: Claiming car expenses

  • "Hi Mr Taxman. I am starting to trade forex. I live in australia and can either choose an australian broker to use or I am keen to use an american broker. If I go with the american broker will it..."

    By: Lisa at Jan 01, 2022 3:31AM

    Post: Foreign currency trading

  • "Hi Mr Taxman. I am starting to trade forex. I live in australia and can either choose an australian broker to use or I am keen to use an american broker. If I go with the american broker will it..."

    By: Lisa at Jan 01, 2022 3:31AM

    Post: Foreign currency trading