If you could go back and give your teenage self some sage money advice, what would it be? With Year 12 exams over and our region's school leavers contemplating their next move, we asked 'Mr Taxman' Adrian Raftery for his top money tips for school leavers to set them up for a prosperous future.
The only constant about tax is change. Adrian Raftery, author of 101 Ways to Save Money on Your Tax - Legally! 2013-14 edition (Wrightbooks, June 2013, AU$24.95), provides us with some of the tax changes coming into play from 1 July.

Book launch - 101 ways to save money on your tax

Do you detest paying tax, but like receiving a tax refund cheque in the mail? Are you getting all you're entitled to? You could be letting the government keep hundreds, even thousands, of your hard-earned dollars each year - and you wouldn't even know about it!
According to the latest ATO Progress Report 10 there have been 4.37 million lucky taxpayers since 1 July 2011 who have received refunds totalling $10.24 billion. That is an average tax refund of $2,367!! For those that have been fortunate enough to receive it, Mr Taxman gives us ten smart places to use your refund.
The new financial year has arrived which comes with it the annual obligation to submit our income tax return by 31 October. For many of us, the process is as painful as having your teeth pulled but the rewards can be great. Adrian Raftery, author of 101 Ways to Save Money on Your Tax – Legally! shares with us eight common traps to avoid when doing your tax this year.
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comments-rhsLatest Comments

  • "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

  • "No you can't James. The limit of 5000km per year applies to your car not the number of different income activities that you have. So if you claim 5000km against your employment, no cannot claim any..."

    By: Mr Taxman at Aug 07, 2020 12:08AM

    Post: Claiming car expenses

  • "Hi i am on salary and wage and also have a business. I am required to use the same car for both sources of income and have travelled well in excess of 5,000kms each for both. Am i able to claim..."

    By: James at Aug 04, 2020 2:34AM

    Post: Claiming car expenses

  • "Hi, Very informative post and really appreciate the effort you put into it. Every one now a days is trying to gather more information about Forex trading."

    By: Vantagepointx at Jul 29, 2020 6:08AM

    Post: Trading via self managed super fund (SMSF)