If you earn money overseas then it is well known that when it comes to your annual ATO tax returns, all foreign overseas income must be reported in addition to your domestic income.
THE Banking Royal Commission has put the spotlight on the banks, financial institutions, the corporate regulator and even some government MPs - and none of them are looking good. Here’s what has come out so far.
Mr Taxman, aka Adrian Raftery, PHD, MBA, B.Bus, FCA, F Fin, FTIA, MAICD has over 25 years’ experience in providing accounting services and financial advice to businesses and individuals. We explore how he came to be named Best for Financial and Accountancy Advice – Australia in our prestigious 2017 Global Excellence Awards.
Lobby groups are continuing to call for the superannuation guarantee to be increased to 12% of a worker’s wages, but a new report from the Grattan Institute claims this won’t fix problems in Australia’s retirement savings system.
The FASEA board “rushed out” its initial guidance and will be open to making changes following the consultation period, including potentially abolishing the '10-year rule', says a financial planning academic.
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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)