Keeping you informed - website notice

Section 45 of the of the Tax Agent Services (Code of Professional Conduct) Determination 2024 requires registered tax practitioners to advise all current and prospective clients of the following: (a) That the TPB maintains a register of tax agents and BAS agents and how clients can access and search the register. (b) How clients can make a complaint about a tax agent service provided by a registered tax practitioner, including the TPB’s complaints process. (c) General information about the registered tax practitioner’s rights, responsibilities and obligations as tax agent or BAS agent, including to their clients, under the taxation laws (including the TASA), and what obligations their clients have to their registered tax practitioner. (d) Whether certain events have occurred within the last five years (but not before 1 July 2022). (e) Whether the registered tax practitioner’s registration as a tax agent or a BAS agent is subject to any conditions.

TEN TAX CHANGES TAKING EFFECT FROM 1 JULY 2025

The only constant about tax is change. Dr Adrian Raftery, principal of Mr Taxman and author of 101 Ways to Save Money on Your Tax - Legally! 2025-2026 edition (Wiley, May 2025, AU$32.95), provides us with some of the tax changes coming into play from 1 July 2025.

2025/26 fee schedule

Schedule of fees from 1 July 2025

7 SURPRISING THINGS YOU MAY BE ABLE TO CLAIM AS A TAX DEDUCTION 2024/25

30 June is rapidly approaching and it is time to do some urgent tax planning. Dr Adrian Raftery, principal of Mr Taxman and author of 101 Ways to Save Money on Your Tax - Legally! 2025-2026 edition (Wiley, May 2025, AU$32.95), provides some unusual deductions that you didn’t know you could claim for you and your business and maximise your tax refund (or reduce your tax bill) this year.

FIVE THINGS TO DO BEFORE 30 JUNE 2025

30 June is rapidly approaching and with every dollar counting during this cost of living crisis now is the time to do some urgent tax planning. Dr Adrian Raftery, principal of Mr Taxman and author of 101 Ways to Save Money on Your Tax - Legally! 2025-2026 edition (Wiley, May 2025, AU$32.95), gives some excellent tips for you to action and maximise your tax refund this year.

SEVEN MOST COMMON TAX MISTAKES (or 7 deadly sins!) for 2024/25

The new financial year will soon be here 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. Dr Adrian Raftery, principal of Mr Taxman and author of 101 Ways to Save Money on Your Tax - Legally! 2025-2026 edition (Wiley, May 2025, AU$32.95), shares with us seven common mistakes to avoid when doing your tax this year.

START OF FINANCIAL YEAR TAX PLANNING 2025/26

Dr Adrian Raftery, principal of Mr Taxman and author of 101 Ways to Save Money on Your Tax - Legally! 2025-2026 edition (Wiley, May 2025, AU$32.95), shares with us excellent tips for you to action and maximise your tax refund next year.

TEN TAX TIPS FOR SMALL BUSINESS 2024/25

Small business entities (SBEs) have access to a range of concessions which not only help reduce their taxable income but are also designed to make tax administration easier. Dr Adrian Raftery, principal of Mr Taxman and author of 101 Ways to Save Money on Your Tax - Legally! 2025-2026 edition (Wiley, May 2025, AU$32.95), gives some excellent tips for small business owners to action and minimise your business’ tax bill this year.

TOP TEN TAX TIPS FOR RENTAL PROPERTY INVESTORS 2024/25

Over 2.27 million people claimed just more than $44.4 billion in rental deductions in their tax return last year. With June 30 rapidly approaching, it is time to do some urgent tax planning. Dr Adrian Raftery, principal of Mr Taxman and author of 101 Ways to Save Money on Your Tax - Legally! 2025-2026 edition (Wiley, May 2025, AU$32.95), gives some excellent tips for you to action and maximise your tax refund from your rental property this year.

TWELVE TAX TIPS FOR THE FAMILY OR INDIVIDUAL 2024/25

30 June is rapidly approaching and it is time to do some urgent tax planning. Dr Adrian Raftery, principal of Mr Taxman and author of 101 Ways to Save Money on Your Tax - Legally! 2025-2026 edition (Wiley, May 2025, AU$32.95), gives some excellent tips for you to action and maximise your tax refund this year.

101 Ways to Save Money on yout Tax - Legally!

15th Edition!!!! An essential money-saving resource for every Australian who pays tax – fully updated for the 2019-2020 tax year.

2024/25 fee schedule

My schedule of fees for 2024/25 year

2022/23 fee schedule

Here are Mr Taxman's schedule of fees for the 2022/23 year

8 TAX CHANGES TAKING EFFECT FROM 1 JULY 2021

The only constant about tax is change. Dr Adrian Raftery, principal of Mr Taxman and author of 101 Ways to Save Money on Your Tax - Legally! 2021-2022 edition (Wiley, May 2021, AU$29.95), provides us with some of the tax changes coming into play from 1 July 2021.

START OF FINANCIAL YEAR TAX PLANNING 2021/22

Dr Adrian Raftery, principal of Mr Taxman and author of 101 Ways to Save Money on Your Tax - Legally! 2021-2022 edition (Wiley, May 2021, AU$29.95) shares with us excellent tips for you to action and maximise your tax refund next year.

SEVEN MOST COMMON TAX MISTAKES (or 7 deadly sins!) for 2020/21

The new financial year will soon be here 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. Dr Adrian Raftery, principal of Mr Taxman and author of 101 Ways to Save Money on Your Tax - Legally! 2021-2022 edition (Wiley, May 2021, AU$29.95), shares with us seven common mistakes to avoid when doing your tax this year.

TEN TAX TIPS FOR SMALL BUSINESS 2020/21

Small business entities (SBEs) have access to a range of concessions which not only help reduce their taxable income but are also designed to make tax administration easier. Dr Adrian Raftery, principal of Mr Taxman and author of 101 Ways to Save Money on Your Tax - Legally! 2021-2022 edition (Wiley, May 2021, AU$29.95), gives some excellent tips for small business owners to action and minimise your business’ tax bill this year.

TEN TAX TIPS FOR THE FAMILY OR INDIVIDUAL 2020/21

30 June is rapidly approaching and it is time to do some urgent tax planning. Dr Adrian Raftery, principal of Mr Taxman and author of 101 Ways to Save Money on Your Tax - Legally! 2021-2022 edition (Wiley, May 2021, AU$29.95), gives some excellent tips for you to action and maximise your tax refund this year.

TOP TEN TAX TIPS FOR RENTAL PROPERTY INVESTORS 2020/21

Over 2.21 million people claimed just under $50 billion in rental deductions in their tax return last year. With June 30 rapidly approaching, it is time to do some urgent tax planning. Dr Adrian Raftery, principal of Mr Taxman and author of 101 Ways to Save Money on Your Tax - Legally! 2021-2022 edition (Wiley, May 2021, AU$29.95), gives some excellent tips for you to action and maximise your tax refund from your rental property this year.

2021/22 fee schedule

SME Tax Time Webinars - 20 May or 25 May

Get EOFY ready with one of Australia’s leading tax experts and best-selling author Dr Adrian Raftery, otherwise known as Mr Taxman.

When will Private Health Funds issue your 2020 tax statement?

So you have your assessable income and allowable deductions all sorted out & want to lodge your return ASAP but your private health fund has slowed things up. So when will BUPA, AHM, Defence Health, Navy Health, CBHS, Westfund, HCF, Australian Unity, Medibank et.al have your tax statement for 30 June 2020 available?

START OF FINANCIAL YEAR TAX PLANNING 2020/21

Dr Adrian Raftery, principal of Mr Taxman and author of 101 Ways to Save Money on Your Tax - Legally! 2020-2021 edition (Wiley, May 2020, AU$25.95) shares with us excellent tips for you to action and maximise your tax refund next year.

TEN TAX CHANGES TAKING EFFECT FROM 1 JULY 2020

The only constant about tax is change. Dr Adrian Raftery, principal of Mr Taxman and author of 101 Ways to Save Money on Your Tax - Legally! 2020-2021 edition (Wiley, May 2020, AU$25.95), provides us with some of the tax changes coming into play from 1 July 2020.

Tax on Overseas Income and the Importance of Saving on FX Conversion

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.

Need help with your tax?

Take the stress out of tax time with one of Australia’s leading tax experts. Call Mr Taxman today on 1800 TAXMAN (1800 829 626) or drop an email to adrian@mrtaxman.com.au

JobKeeper subsidy might have to be extended to avoid ‘fiscal cliff’

Millions of Australians will face tough economic times in October when the JobKeeper subsidy ends according to experts, unless they get more support.

How will employees and businesses survive when Jobkeeper ends?

The Government’s JobKeeper scheme has been a lifesaver for businesses and employees alike, but what happens when it ends?

Superannuation guarantee amnesty

A superannuation guarantee amnesty was introduced on 6 March 2020. Employers participating in the amnesty need to apply by 7 September 2020.

Keeping a diary could boost your tax refund

Using the Australian Taxation Office's temporary "shortcut" method for claiming home office expenses brought about because of COVID-19 could leave you worse off than keeping a diary and stating actual running costs.

TOP TEN TAX TIPS FOR RENTAL PROPERTY INVESTORS 2019/2020

Over 2.16 million people claimed more than $47.4 billion in rental deductions in their tax return last year. With June 30 rapidly approaching, it is time to do some urgent tax planning. Dr Adrian Raftery, principal of Mr Taxman and author of 101 Ways to Save Money on Your Tax - Legally! 2020-2021 edition (Wiley, May 2020, AU$25.95), gives some excellent tips for you to action and maximise your tax refund from your rental property this year.

TEN TAX TIPS FOR SMALL BUSINESS 2019/20

Small and medium business entities (SMEs) have access to a range of concessions which not only help reduce their taxable income but are also designed to make tax administration easier. Dr Adrian Raftery, principal of Mr Taxman and author of 101 Ways to Save Money on Your Tax - Legally! 2020-2021 edition (Wiley, May 2020, AU$25.95), gives some excellent tips for small business owners to action and minimise your business’ tax bill this year.

TEN TAX TIPS FOR THE FAMILY OR INDIVIDUAL 2019/20

30 June is rapidly approaching and it is time to do some urgent tax planning. Dr Adrian Raftery, principal of Mr Taxman and author of 101 Ways to Save Money on Your Tax - Legally! 2020-2021 edition (Wiley, May 2020, AU$25.95), gives some excellent tips for you to action and maximise your tax refund this year.

A COVID-19 TAX TIP FROM MR TAXMAN #16

Can my company claim up to $150,000 on a new car under the instant asset write-off rules?

FIVE THINGS TO DO BEFORE 30 JUNE

30 June is rapidly approaching and with every dollar counting during this COVID-19 pandemic now is the time to do some urgent tax planning. Dr Adrian Raftery, principal of Mr Taxman and author of 101 Ways to Save Money on Your Tax - Legally! 2020-2021 edition (Wiley, May 2020, AU$25.95), gives some excellent tips for you to action and maximise your tax refund this year.

SEVIN DEADLY TAX SINS

The new financial year will soon be here 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. Dr Adrian Raftery, principal of Mr Taxman and author of 101 Ways to Save Money on Your Tax - Legally! 2020-2021 edition (Wiley, May 2020, AU$25.95), shares with us seven common mistakes to avoid when doing your tax this year.

1 IN 3 AUSTRALIANS TO GET BIGGER TAX CHEQUE THIS YEAR

More than 30% of Australians are expected to get a bigger refund from the taxman this year according to one of Australia’s leading tax experts.

2020/21 fee schedule

If you would like one of Australia's leading tax experts and author of top-selling 101 Ways to Save Money on Your Tax - Legally!, then please be advised that my schedule of fees is as follows:

A COVID-19 TIP FROM MR TAXMAN #15

How to code your Cash Flow Boost Payments

A COVID-19 TIP FROM MR TAXMAN #14

Deferring compulsory HECS/HELP/TSL/VSL repayments

A COVID-19 TIP FROM MR TAXMAN #13

How business owners can claim the JobKeeper subsidy if not on the payroll (eg due to receiving dividends or family trust distributions only)

Home Office Expenses - A Current Affair segment

Household finances are severely stretched at the moment, and finding savings has never been more important.

A COVID-19 TAX TIP FROM MR TAXMAN #11

Home office expenses update from the ATO.

A COVID-19 TIP FROM MR TAXMAN #12

WFH? Change your postal address from work to home.

A COVID-19 TAX TIP FROM MR TAXMAN #10

Pre-register for early access to superannuation

A COVID-19 TAX TIP FROM MR TAXMAN #9

Vary your PAYG Instalments to zero as part of COVID-19 relief from the Government.

A COVID-19 TAX TIP FROM MR TAXMAN #7

JobKeeper Subsidy

A COVID-19 TAX TIP FROM MR TAXMAN #8

A great infographic prepared by Michael Armstrong which summarises all of the various incentives that are out there for SMEs.

A COVID-19 TAX TIP FROM MR TAXMAN #6

Making work-related calls from home

A COVID-19 TAX TIP FROM MR TAXMAN #2

Download the myDeductions App from the ATO

A COVID-19 TAX TIP FROM MR TAXMAN #3

Tax on redundancies

A COVID-19 TAX TIP FROM MR TAXMAN #4

Golden rules on mortgage holidays

A COVID-19 TIP FROM MR TAXMAN #5

Getting relief from loans

Coping with redundancy

One consequence of a slowing econmu is that more people are likely to experience redundancy. Redundancy is a stressevent, but if it happens to you, there are ways in which its impact can be reduced.

A COVID-19 TAX TIP FROM MR TAXMAN #1

Working from home

Research confirms adviser exit fears

A poll of ifa readers has indicated the vast majority of advisers plan to exit the industry after the introduction of FASEA’s mandatory education standards, dwarfing previous predictions.

New superannuation rules continue to confuse in rollout phase: Are business owners seeking the advice they need in time?

Accounting experts have raised concerns business owners and individuals still have their heads in the sand over new superannuation rules, as accountants report chaos in determining how the new system applies to their clients.

Don’t let the ATO scare you off work deductions

The Australian Taxation Office has been criticised for targeting regular hard-working Australians instead of multinational corporations, but an expert says taxpayers should not be deterred from claiming everything they are entitled to.

START OF FINANCIAL YEAR TAX PLANNING

The new financial year is here which comes which comes with it the annual obligation to submit our income tax return by 31 October. Like most, you are probably in a mad panic trying to find your receipts to scrap together in a futile attempt to boost your refund (or worse reduce your payable) with some last-minute claims. For others, 1 July brings around a new sense of hope with a whole year to get our tax planning right in 2017/18.

Tax return 2017: Mistakes to avoid this financial year

STUPIDITY, carelessness, greed, arrogance, forgetfulness, dishonesty and laziness. Most of us are guilty of some, or all, of these qualities at some stage and we probably don’t even know it. But when it comes to tax time, it’s best to avoid all of them because committing just one of these sins can land you in a heap of hot water.

Deakin professor slams advisers for ‘laughable’ education excuse

A Deakin University associate professor has criticised financial advisers who say they cannot afford a university degree, calling it a “laughable” excuse

101 Ways to Save Money on Your Tax Legally

101 Ways to Save Money on Your Tax – Legally! is the Australian taxpayer’s essential guide to maximising returns. Comprehensively updated for 2017-2018, this indispensable resource explains all of the changes to the May 2017 budget to help you pay what you owe and not a penny more. You’ll find answers to common questions, tax traps to avoid and plenty of tips from Mr. Taxman himself that can save you hundreds or even thousands of dollars!

Super changes push more to family trusts

With dramatic changes to superannuation just 10 weeks away, family trusts are becoming more popular as the "next best" investment vehicle for those who have more to invest than the new super rules will allow. Financial advisers note a marked increase in clients wanting to set one up, either dismayed by how little they'll be able to get into super after July 1 or fed up with government changes to retirement savings.

SEVEN MOST COMMON TAX MISTAKES (or seven deadly sins!)

The new financial year will soon be here 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. Dr Adrian Raftery, an Associate Professor at Deakin University and author of 101 Ways to Save Money on Your Tax - Legally! 2017-2018 edition (Wiley, June 2017, AU$25.95) shares with us seven common mistakes to avoid when doing your tax this year.

Reforms set to boost the professional standards of financial planners

Deakin Business School’s financial planning programs prepared to meet new legislative demands

Setting financial goals and sticking to them

According to Adrian Raftery, course director of Financial Planning at Deakin University, there are six golden rules to follow when setting financial goals.

VALENTINES DAY, WHEN MATTERS OF THE WALLET AND MATTERS OF THE HEART COLLIDE

When it comes to romantic gestures this Valentine’s Day getting your financial house in order could be just as much a symbol of love as flowers and chocolates, according to a Deakin University financial planning expert.

DON’T LET MONEY BE THE GRINCH WHO STOLE CHRISTMAS IN 2017

With many bank balances worse for wear after the holiday season, a Deakin University financial planning expert says now is a good time to get on top of money matters and plan to be in better financial health by Christmas 2017.

TEN GREAT NEW YEAR’S MONEY RESOLUTIONS

The new year is a great time to get serious about your finances according to Deakin University’s financial planning Associate Professor Adrian Raftery.

Final countdown to avoid a tax hit

TAX time ends one week from today and people yet to lodge their return are being urged to act now to avoid hefty penalties and interest charges.

First home buyers are flocking to risky interest-only mortgages

A leading financial services expert has described the rise in interest-only mortgages among first home buyers as “disturbing” and likely to trigger higher loan defaults in the future.

NSW Office of State Revenue Payroll Tax Awareness Program

The Office of State Revenue (OSR) is currently undertaking a series of Payroll Tax Awareness Programs as part of our commitment to improve customer service.

Super, mortgage, small business benefits: How to get more money from your tax refund in 2016

THEY say there are only two certainties in life — deaths and taxes. But when it comes to tax time, some things may be less certain and you can’t always bank on a refund.

Tax time: 10 questions to ask yourself as June 30 looms

Tax season is here and, after a few surprise changes in this year's budget, tax advisers' phones have been running hot with queries.

TEN TAX TIPS FOR THE FAMILY OR INDIVIDUAL 2015/16

30 June is rapidly approaching and it is time to do some urgent tax planning. Dr Adrian Raftery, a senior lecturer in tax, financial planning and superannuation at Deakin University and author of 101 Ways to Save Money on Your Tax - Legally! 2016-2017 edition (Wrightbooks, June 2016, AU$24.95), gives some excellent tips for you to action and maximise your tax refund this year.

Today Show - Australia's unwanted cash

It's been revealed Australians have more than half a billion dollars in unclaimed cash just lying around and some of it could be yours. Tax and finance expert, Dr Adrian Raftery chats to TODAY about what you can do to get your hands on

Today Show - Exclusive Tax Tips

Are you missing out on money you're entitled to? The good news is most of you are and now it's tax time, it's easy to get back. Well Mr taxman Adrian Raftery joins TODAY with your tax return S.O.S.

Don’t get caught out by capital gains tax

CAPITAL gains tax is one of the most confusing and painful payments to hit your personal finances.

Ten Tax Tips for the Family or Individual 2014/15

30 June is rapidly approaching and it is time to do some urgent tax planning. Dr Adrian Raftery, a senior lecturer in tax, financial planning and superannuation at Deakin University and author of 101 Ways to Save Money on Your Tax - Legally! 2015-2016 edition (Wrightbooks, June 2015, AU$24.95), gives some excellent tips for you to action and maximise your tax refund this year.

Shark Tank judge and Red Balloon founder Naomi Simson’s tips for tax time

THE end of the financial year is fast approaching, and it’s time to take advantage of available deductions and other tax-related benefits while you still can.

Five federal budget takeaways

The government promised a 'boring' second budget, but there were still a couple of surprises in last night's announcement for Australia's investors.

Larry's World Cup Diary - Give Us a Test Match!

Ireland v Pakistan - And with a pull for four from a Paul Stirling half-tracker, Ireland’s courageous 2015 Cricket World Cup campaign was officially over as Pakistan ran out seven wicket winners on Sunday night at Adelaide Oval.

Larry's World Cup Blog - When Swarmy met Blarney

Ireland v India - An eight wicket victory with 13 overs to spare may have seemed that it was a walk in the park by the Indians in their latest World Cup match in Hamilton but it was anything but that for the reigning world champions on Tuesday. Ireland’s 259 was the highest total posted against the undefeated Indians across their five Pool B matches. We scored more (89 without loss) than any other country against them in the first fifteen overs. Better than Pakistan, West Indies and the South Africans. Not bad. Their run chase could have been so much different if centurymaker Shikhar Dhawan wasn’t dropped twice early in his innings. Catches win matches and we will need to take these chances in our next game.

Larry's World Cup Diary - Minnows? No Nay Never

I read a few articles with John Boy with interest this week, particularly this quote “The players are hungry because we don’t want to be known as minnows any more.”

Larry's World Cup Diary - Cobwebs from County Coogee

Cobwebs. Warm-up matches are always full of them and Friday’s clash against the local Randwick-Petersham club at Coogee Oval proved to be exactly that. Whether it was pre-match nerves, jet lag or we were playing against a club that were such lovely hosts over the past week, we just did not perform to our usual high standards.

Transfer pricing rules the ‘core’ of the problem: Deakin tax expert

A Deakin University tax expert has called on the Government to strengthen existing double tax treaty agreements to curtail the practice of foreign companies siphoning untaxed profits from Australia.

Raftery Back to School Tips for 2015

Deakin’s financial planning expert shares back to school savings tips

Essential accounting tips for small business owners

When starting up a new business, it's easy to get caught up in the marketing and sales aspects of the operation. Yet it's important to implement an organized accounting system right from the start, both to keep finances in line and to minimize confusion when tax deadlines roll around.

Tips for deducting work-related car expenses

Do you drive for work purposes? Although in most cases you can't claim the expense of your daily commute on your taxes, if you use the car while performing your work duties you may have a valid deduction. It's worth taking a closer look at how and when you can deduct car-related expenses, in order to potentially save a bundle on transport.

CBA lifts planners’ education standards

The Commonwealth Bank has moved to tighten up the education standards of its financial planners, in a pre-emptive move to get changes in place ahead of likely formal obligations down the track.

The Seven deadly tax sins for 2013/14

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. Dr Adrian Raftery, a senior lecturer at Deakin University and author of 101 Ways to Save Money on Your Tax - Legally! 2014-2015 edition (Wrightbooks, June 2014, AU$24.95) shares with us seven common mistakes to avoid when doing your tax this year.

Ten tax changes taking effect 1 July 2014

The only constant about tax is change. Dr Adrian Raftery, a senior lecturer at Deakin University and author of 101 Ways to Save Money on Your Tax - Legally! 2014-2015 edition (Wrightbooks, June 2014, AU$24.95), provides us with some of the tax changes coming into play from 1 July 2014.

Eight new tax rules in 2013/14

The only constant about tax is change. Dr Adrian Raftery, a senior lecturer at Deakin University and author of 101 Ways to Save Money on Your Tax - Legally! 2014-2015 edition (Wrightbooks, June 2014, AU$24.95), provides us with some of the new tax rules that came into effect in 2013/14.

Top tips for tax time

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

Nine tax tips for rental property investors

Over 1.88 million people claimed more than $41.8 billion in rental deductions in their tax return last year. With June 30 rapidly approaching, it is time to do some urgent tax planning. Here are some excellent tips from Dr Adrian Raftery, a senior lecturer at Deakin University and author of 101 Ways to Save Money on Your Tax - Legally! 2014-2015 edition (Wrightbooks, June 2014, AU$24.95), for you to action and maximise your tax refund from your rental property this year.

Top ten tax tips for small business in 2013/14

Small business entities (SBE’s) – businesses with annual turnover of under $2 million - have access to a range of concessions which not only help reduce their taxable income but are also designed to make tax administration easier. Dr Adrian Raftery, a senior lecturer at Deakin University and author of 101 Ways to Save Money on Your Tax - Legally! 2014-2015 edition (Wrightbooks, June 2014, AU$24.95), gives some excellent tips for small business owners to action and minimise your business’ tax bill this year.

Ten Tax Tips for 2013/14

30 June is rapidly approaching and it is time to do some urgent tax planning. Dr Adrian Raftery, a senior lecturer at Deakin University and author of 101 Ways to Save Money on Your Tax - Legally! 2014-2015 edition (Wrightbooks, June 2014, AU$24.95), gives some excellent tips for you to action and maximise your tax refund this year.

2014/15 fee schedule

If you would like one of Australia's leading tax experts and author of top-selling 101 Ways to Save Money on Your Tax - Legally!, then please be advised that my schedule of fees is as follows:

Little known ways to reduce capital gains tax on your investment property

Renting out your property can be a great way to earn some extra income, but there are tax implications that it's important to be aware of before you put your home on the market. The most significant of these is the capital gains tax, or CGT, that you must pay upon the eventual sale of your investment property. However, by taking a closer look at how the CGT is calculated, you may find an exemption that you qualify for. There are certain exemptions allowed by the Australian Taxation Office, including those who rent out their primary residence.

8 frequently asked questions about the FBT changes answered

I’ve spoken on several occasions about the benefits of using a log book to track your vehicle’s expenses and usage. By maintaining a record of capital costs, upkeep and other outlays you can claim your vehicle as a tax deduction. Many of you have been concerned about the change and what it means for you – below are eight answers to your most common questions.

Could the Carbon tax reform hurt the Australian car industry?

Tax changes announced by the government could have an impact on Australian car production, warn industry insiders. Prime Minister Kevin Rudd confirmed that the existing carbon tax would be removed; replaced with a separate emissions trading scheme. This would reduce the current carbon tax from $25 a tonne to only $6 per tonne. To make up for the $4 billion in revenue lost by the cut in the carbon tax, Rudd's government proposes to reform an existing 20% fringe benefits tax for cars. It's expected that this could have a serious impact on new car sales as a result.

ATO announces its "hit list" for 2013/14

Today the ATO has released "Compliance in focus 2013-14" which replaces their previous annual compliance program booklet. This new online product, which the ATO developed in consultation with tax professionals, will be updated throughout the year to keep you informed of new issues and risks as they arise.

Eight tax changes taking effect from 1 July 2013

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.

12 new tax rules this year

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 new tax rules that came into effect in 2012/13.

Small business owners prefer cleaning toilets to completing tax returns

Tax time is fast approaching and it’s filling small business owners with dread – with one in five (19%) claiming they’d rather clean the workplace toilet than complete the annual tax return.

Ten Tax Tips for Rental Property Owners

Over 1.8 million people claimed more than $38.5 billion in rental deductions in their tax return last year. With June 30 rapidly approaching, it is time to do some urgent tax planning. Here are some excellent tips from Adrian Raftery, author of 101 Ways to Save Money on Your Tax - Legally! 2013-14 edition (Wrightbooks, June 2013, AU$24.95), for you to action and maximise your tax refund from your rental property this year.

Mr Taxman's Top Ten Tax Tips for 2013

June 30 is rapidly approaching and it is time to do some urgent tax planning. Adrian Raftery, author of 101 Ways to Save Money on Your Tax - Legally! 2013-14 edition (Wrightbooks, June 2013, AU$24.95), gives some excellent tips for you to action and maximise your tax refund this year.

Ten tax tips for small business

Small business entities (SBE’s) – businesses with annual turnover of under $2 million - have access to a range of concessions which not only help reduce their taxable income but are also designed to make tax administration easier. Mr Taxman, Adrian Raftery, author of 101 Ways to Save Money on Your Tax - Legally! 2013-14 edition (Wrightbooks, June 2013, AU$24.95), gives some excellent tips for small business owners to action and minimise your business’ tax bill this year.

2013/14 fee schedule

If you would like one of Australia's leading tax experts and author of top-selling 101 Ways to Save Money on Your Tax - Legally!, then please be advised that my schedule of fees is as follows:

Tax myths expose small businesses to substantial penalties

Long-held tax myths continue to plague Australian small businesses, exposing many to substantial tax penalties, according to the latest small business research.

The Full Cost of Motoring in Australia

If you drool as you compare cars online, you'll want to know the full extent of what you'll have to pay. Cars in Australia are subject to a variety of taxes.

Office workers waste two weeks a year on paper jams

Australian workers waste an estimated 71 million hours on office technology problems each year costing businesses in excess of $1.1 billion according to latest small business research commissioned by Dick Smith.

Tax Change of the Treatment of Earnings on #Superannuation Assets Supporting Income Streams

Joint media release by Federal Treasurer Wayne Swan & Misnister for Superannuation, Bill Shorten. Mr Taxman's comments at end.

Tax Depreciation Schedule Inspections - When is an inspection required?

In most instances a Quantity Surveyor will conduct a property inspection when preparing a tax depreciation schedule. Sometimes this is not required, for example - if a property has been built by the owner or the Quantity Surveyor has previously inspected a unit within the same complex. A good Quantity Surveyor knows when an inspection is not needed, and this generally results in a saving to the owner/investor. But if certain information is overlooked you will miss out on significant tax deductions.

Property Tax Depreciation – How does the commissioner determine the effective life of a depreciating asset?

I’m often asked where ‘effective lives’ come from, and the short answer is the Commissioner of Taxation. The long answer is a lot more complicated than that.

ATO compliance update for self-managed superannuation funds

Transcript of a speech made by Alison Lendon, the Deputy Commissioner of Superannuation to the 2013 SPAA SMSF National Conference, on 15 February 2013 in Melbourne.

Tax hike for super funds could be in a class of its own

With the government mulling over a tax increase on superannuation earnings for the wealthy in the May budget and the opposition wading in with their own plans for those on lower incomes we can smell a class war. Things are hotting up for this year’s election as politicians play out this little class war in the parliamentary battle ground but we want to take a look at how it affects taxpayers in the real world.

Mature age worker tax offset changes in 2012/13

On 10 December 2012, changes to the age eligibility rule for the mature age worker tax offset became law.

ATO helping flood affected areas

Tax help and support is in place to help people affected by the recent Queensland and New South Wales floods.

Failure to lodge on time penalty increased

From 28 December 2012, the failure to lodge on time penalty has increased by 55%, from $110 per penalty unit to $170 per unit.

Beware of phishing scam email from "ATO"

The Australian Taxation Office (ATO) have issued a warning of a new phishing scam: 'Tax Agent Report - Delayed Tax Returns' email which contains malware. Do not open this email as it is not from the ATO.

SMSF auditor registration guidance issued

The Australian Securities & Investment Commission (ASIC) yesterday released guidance to assist auditors of self managed superannuation funds (SMSF) register with ASIC. The guidance has been issued ahead of a new registration scheme for auditors to commence on 31 January 2013 as part of the Federal Government’s ‘Stronger Super’ reforms.

Changes to SMSF levy

From 2013/14 year, Self Managed Super Funds will have to pay the annual levy earlier and also pay more for the privilege.

My Super legislation passed

On 22 November 2012, Superannuation Legislation Amendment (MySuper Core Provisions) Bill 2012 was passed by the Senate with two Government amendments relating to the commencement of the Act.

New SMSF annual return due date soon

Newly registered self-managed super funds (SMSFs) must lodge their Self-managed super fund annual return by 28 February 2013.

Superannuation CGT & auditor bills passed

On 22 November 2012, Superannuation Laws Amendment (Capital Gains Tax Relief and Other Efficiency Measures) Bill 2012 and the Superannuation Auditor Registration Imposition Bill 2012 were passed by the Senate without amendment.

Competency standards for SMSF auditors?

ASIC has released a consultation paper Competency standards for auditors of self-managed superannuation funds (CP 192) on the proposed self-managed super fund (SMSF) auditor competency standards.

Mr Taxman wins research grant

The Centre For International Finance & Regulation (CIFR) has just announced the funding for the next round of research projects, including one proposal being conducted by Mr Taxman on the monitoring and performance attributes of superannuation funds in Australia.

Car travel involving a family member

Where an employee's duties of employment are inherently itinerant in nature, is their journey between home and a work location in their employer's car a 'business journey' as defined in subsection 136(1) of the Fringe Benefits Tax Assessment Act 1986 (FBTAA) if they transport a family member during part of the journey? We have a look at a recent ATO Interpretative Decision

Rebatable amount of health insurance policy to be capped

The 2012-13 Mid-Year Economic and Fiscal Outlook (MYEFO) proposes that the government's rebate applied to private health insurance will be calculated using commercial premiums as at 1 April 2013 and then indexed annually by the lesser of CPI or the actual increase in commercial premiums. This will be used to determine an individual's private health insurance rebate.

Private health insurance rebate no longer paid on lifetime health cover loading

From 1 July 2013, the private health insurance rebate will no longer be paid on any lifetime health cover loading applied to the cost of a private health insurance policy for lifetime health cover.

SMSF need to be careful with property investments

The ATO today warned trustees of self-managed superannuation funds (SMSFs) to be cautious when investing in property.

12 tax changes taking effect from 1 July

The only constant about tax is change. We all now about the new Carnon tax, but what other changes are coming up? Adrian Raftery, author of 101 Ways to Save Money on Your Tax - Legally! 2012-13 edition (Wrightbooks, June 2012, AU$24.95), provides us with some of the tax changes coming into play from 1 July.

Mr Taxman's Top Ten Tax Tips for 2012

June 30 is rapidly approaching and it is time to do some urgent tax planning. Adrian Raftery, author of 101 Ways to Save Money on Your Tax - Legally! 2012-13 edition (Wrightbooks, June 2012, AU$24.95), gives us some excellent tips for you to action and maximise your tax refund this year.

9 ways to spend the Education Tax Refund

As announced in the recent Federal Budget, the Education Tax Refund has been abolished and will be replaced with the Schoolkids Bonus from January 2013. Instead of claiming the refund via the year-end tax return, it is estimated that over 1.2 million Australian families will receive the 2011/12 entitlement in full - $818 for each secondary school student and $409 for each primary school student. The payments will be made from 20 to 29 June 2012.

2012/13 fee schedule

If you would like one of Australia's leading tax experts and author of top-selling 101 Ways to Save Money on Your Tax - Legally!, then please be advised that my schedule of fees is as follows

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!

Tax Forum money should have gone to dobbers

The $1 million spent on this week’s Tax Forum would have been better put to rewarding those who dob in a tax cheat according to Mr Taxman.

5 million yet to lodge 2011 income tax return

With the impending 31 October deadline just weeks away, over five million individuals are yet to lodge their tax return according to the latest Australian Taxation Office (ATO) progress report.

Want to trade shares, options, futures, CFDs or Forex yourself?

Mr Taxman has arranged with executing and clearing company Halifax Investment Services Ltd the opportunity for you to trade in stocks, options, foreign exchange, Contracts for Difference, as well as Futures in Australian, American, European and Asian markets. Halifax have a 24 hour dealing and adminstrative support desk.

Received your tax refund yet?

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.

Can someone tell the ATO what the price of petrol & electricity is?

Adrian Raftery, author of 101 Ways to Save Money on Your Tax – Legally!, looks at how much petrol and electricity has risen in the past 13 years compared to what you can claim in your tax return for work-related car and home office usage.

Proposed new individual tax rates

Following the carbon tax announcement today, here are the proposed tax cuts for individuals effective 1 July 2012 ... but are they really that sweet?

8 common tax return mistakes

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.

ATO compliance spotlight areas 2011/12

The Australian Taxation Office (ATO) today released their Compliance Program 2011-12, a publication which outlines key focus areas attracting ATO attention for the coming year. Here are a few of the more interesting statistics coming out of that report together with comments from Mr Taxman himself, Adrian Raftery, author of 101 Ways to Save Money on Your Tax - Legally!

6 Tax Changes taking effect from 1 July

The only constant about tax is change. Here are some of the tax changes coming into play from 1 July

Parental leave pay

There are two ways to administer new regulations ... the short way ... and the long way. To me this seems like the long way to go around things. From 1 July 2011, employers will be responsible for providing Parental Leave Pay to ...

Latest research - tax time takes its toll on small business owners

The end of financial year is an anxious time for Australia’s small business owners bewildered by the complexity of tax reporting and stressed by the amount of paperwork involved, according to the latest American Express Tax Time Survey that I was involved in.

Taxman's hit list for 2011

So just like Santa, the Taxman has made his list for 2011. This year the ATO will be paying close attention to claims from people employed in the following occupations ...

2011/12 fee schedule

If you would like one of Australia's leading tax experts and author of top-selling 101 Ways to Save Money on Your Tax - Legally!, then please be advised that my schedule of fees is as follows:

Time of year to sort out the company loan account and directors' fees

Tax Commissioner Michael D'Ascenzo this week warned directors of private companies about claiming deductions for directors fees where amounts may remain unpaid by the end of the following income year. The warning also serves as a timely reminder for any company director loan account issues that are outstanding prior to 30 June.

Value of goods taken from stock for private use for 2010-11

If you run a food service business such as a bakery, butcher, cafe, restaurant or catering and you take goods to feed your family for private use, the ATO requires you to deduct the private usage from your cost of goods sold.

100 People - some interesting stats from the ATO

Last week the Tax Commissioner Michael D'Ascenzo launched ‘100 People,’ an innovative online presentation that represents all the individual taxpayers in Australia as though they were one hundred people.

FBT car parking threshold for 2011-2012 FBT year

The fringe benefits tax car parking threshold for the FBT year commencing 1 April 2011 is $7.71.

Two important dates for those with HECS/HELP debts

Since The Higher Education Contribution Scheme (HECS) was introduced for tertiary education in Australia, it has charged an "interest rate" on 1 June each year.

"Plugged in, not charging" solution for Windows 7 installations

OK I know that this is not tax advice today, but sometimes solving computer problems is worth more than an extra $1,000 in your tax refund cheque. Well maybe not that much but you know what I mean.

Monday "prayer" sessions

A few months ago I took up an offer for an Accounting Doctoral Scholarship with the University of Technology, Sydney (UTS). After 21 years in professional practice, as a Fellow of the Institute of Chartered Accountants and Taxation Institute, coupled with a number of national awards, it was fair to say that I thought I knew it all in accounting ... but did I really?

Problems with companies exerting "strong significant influence"

Had a very interesting question come up in last week's lecture on equity accounting about companies exerting strong significant influence but not having control of another company. Strong significant influence could occur when say Company A owns 49.9% but obviously don’t have control of the voting power of Company B.

Reasonable food component for 2011-12

Here are the acceptable amounts for the reasonable food component in the 2011-12 financial year in respect of Living Away From Home Allowances

Federal Budget 2011 - What it means to you

In his fourth attempt, Wayne Swan delivered another tame, yet solid, Federal Budget for the nation this week. The $22.6 billion deficit is scary and is actually $12.3 billion more than what was expected due to lower tax revenue. But the Treasurer is predicting a return to surplus in two years' time. Good news.

ATO data matching

Over the last five years, data matching has been a powerful tax compliance tool for the ATO. It has acted as a huge deterrent for taxpayers thinking about not disclosing all of their income.

ATO hit lists

Every year, based on an analysis of previous returns, the ATO issues a 'hit list' of occupations that will be targeted for close attention regarding work-related expenses.

Borrowing to buy shares

A common, yet risky, investment strategy used by share investors has been to borrow money, usually via a margin loan, to buy shares.

Choosing the right business structure

If you are planning to make a fortune, perhaps you should consider your business structure before you give away half of it in taxes.

Education tax refund

Raising children is not a cheap exercise, with education up there as one of the biggest expenses for most households.

Marriage

Accountants are frequently asked two questions by couples just about to get married: 'Are there are any tax implications once we tie the knot?' and 'Do we need to start doing joint tax returns?'

Super co-contribution

The term 'super co-contribution' should really be labelled as 'free money'! But it is surprising how few people actually take advantage of this great benefit.

Travel to see your investment property

If you travel to inspect or maintain your property or collect the rent, you may be able to claim the costs of travelling as a deduction.

Tax tips for small business

The Tax Office has some useful tips and information to help businesses start the new year on the right foot. There are some important things all small businesses need to remember, including good record keeping practices, meeting GST obligations, reporting, paying tax and superannuation.

Fringe benefits tax - car calculator

The fringe benefits tax (FBT) car calculator helps employers calculate the taxable value of a car fringe benefit using either the statutory formula method or the operating cost method.

Employment termination payment calculator

The aim of the employment termination payment calculator is to assist employers with calculations required to make employment termination payments.

HELP repayment calculator

Calculators to provide you with an estimate of your compulsory HELP repayment and the bonus you will get when you make your voluntary repayment towards your HELP debt.

Zone or overseas forces tax offset calculator

You can use this calculator to work out your eligibility for the zone or overseas forces tax offset and calculate the tax offset that you can claim

SMSF Trustee compliance checks

If you are a trustee of a Self Managing Superannuation Fund (SMSF) you have a range of responsibilities that you must adhere to in the day-to-day operation of your fund. Here is a checklist outlined in the Government's Role and Responsibilities of Trustees paper which details what you must be aware of as a trustee of a SMSF.

Depreciating assets worksheet

Here is a depreciating assets worksheet that you can use to work out your deductions for decline in value of depreciating assets.

Low-value pool worksheet

Here is a low-value pool assets worksheet that you can use to work out your deductions for decline in value of depreciating assets.

Self-education expenses calculator

This calculator will give you an estimate of the deduction you can claim for work related self-education expenses on your tax return.

Is your scholarship taxable? calculator

The "Is your scholarship taxable? calculator" will help you work out whether or not your scholarship is taxable

Home office expenses calculator

Use this to see if you can claim a tax deduction for home office expenses as part of your business or employment.

Net medical expenses calculator

Use this calculator to determine your tax offset on net medical expenses over the threshold amount

Record keeping evaluation tool

Advice about business records you need to keep, and how well you keep them.

Better business tips

6 tips to help manage your business, including clean up days, training and better utilising your staff's expertise

Tax withheld calculator

If you are an employer or another withholding payer, the TWC helps you work out the tax you need to withhold from payments you make to employees and other workers.

Low income tax offset calculator

To work out whether you are eligible for the low-income tax offset. It also calculates the amount of your offset if your taxable income is less than the low-income tax offset threshold

Determination of residency

To work out if you are an Australian resident.

Claiming car expenses

Claiming car expenses - what trips are work related?

Employer obligations checklist

Lists commonwealth tax and superannuation obligations when employing workers. It includes information on when a new worker starts, during employment, and when a worker leaves.

Buying a house

Owning your own home is the Great Aussie dream but two-fifths of first home owners experience some sort mortgage stress.

Employee superannuation guarantee (SG) calculator

The employee superannuation guarantee (SG) calculator tool is designed to help you determine whether you are eligible for SG contributions, and whether your employer is paying the correct amount.

Super co-contribution calculator

ou can use this calculator to estimate your super co-contribution entitlement and eligibility.

Superannuation guarantee charge statement and calculator tool

Use this tool if you are late in paying your employees' superannuation contributions to a superannuation fund. It will enable you to calculate your SGC liability and prepare the SGC statement to be lodged with the ATO.

Work-related uniform expenses calculator

Use this calculator to determine a possible work related clothing deduction entitlement.

6 tips for employees working offsite

Business can benefit from employees working remotely or from home however to ensure such arrangements are effective some safe guards should be put in place first.

Senior Australians and pensioner tax offset calculator

Determine your eligibility and calculate the amount of senior Australians tax offset and pensioner tax offset you can claim

6 ratios to manage your business

Your business’ balance sheet and income statement are essential, but they are only the starting point for successful financial management. Using ratio analysis on your financial statements you can analyse the success, failure, and progress of your business.

Renting a property

It may be cheaper than a mortgage repayment but rent money is dead money

Rental property worksheet

Here is a rental property worksheet to assist you with the expenses that you need to include in your tax return

Is your business tax-ready?

A tool to help small businesses improve their business tax practices.

Valentine's day special - golden money rules for couples

Money plays an important part in relationships. Here are a few tips when talking finance with your Valentine.

5 steps to an early retirement

5-steps including saving, investing and planning to help you retire early

Pros and cons of lease finance

A typical equipment lease can run anywhere from one to five years. Most equipment necessary in commercial businesses today, including technical equipment, can be leased.

Parent, spouse's parent or invalid relative tax offset calculator

You can use this calculator to estimate the amount of offset that you can claim for a dependent parent, spouse's parent or invalid relative for 2007-08, 2008-09 and 2009-10 financial years.

Reverse mortgages

The "reverse mortgage" product was devised by banks for those over 60 who could borrow up to 40% against their home but didn’t have to make any repayments.

The best of ...

With over 20,000 different banking products these days it is quite difficult to know the good ones from the average.

Managing and growing a business

Identification of a number of areas to help manage your business.

Entering the workforce

Money is an important topic for everyone. If you're young and just starting out in the world of work, then here are some of the basics.

Is the Taxman becoming Father Christmas? Don't bet on it!

We heard before Christmas that voluntary tax returns won’t be far away as it is one of the key recommendations of the much anticipated Henry Tax Review.

Back to school savings ideas

Start of the school year means costly text books, stationery, uniforms, school fees and a whole lot more. Here are some ideas on how to make it easier for your family.

6 ways to use your tax cut

When new tax cuts come into force here are 6 tips for employees when they get their next pay packet.

New Year financial resolutions

2010 was tough financially but it is now behind us. Here are a few ideas for creating your own list of New Year's resolutions to help put your finances in better shape in 2011.

Self-education eligibility calculator

This tool will help you work out if you are eligible to claim a deduction for work related self-education expenses on your tax return

Xmas sales

Should we get all excited with the post-xmas sales or should we just stay well clear of them?

How to make Xmas 2011 easier financially

Found it tough financially this Christmas? Here are a few tips to make next year easier for you.

Christmas saving ideas

We all enjoy the joy of giving at Christmas time but seem to pay for it in January once the credit card bill comes in. Here a few timely tips to save money this festive season.

Paid parental leave

From 1 January 2011, eligible working parents of children born or adopted after that date may get the government-funded Paid Parental Leave Pay to help them care for a new baby. The pay is for up to 18 weeks at the minimum wage (currently $570).

12 myths about starting your own small business

Many people decide to start their own business because they think it is a great alternative to having to work for someone else. Some even think it is the next step in the evolution for one to go from rags to riches. However, some people think that engaging in such is a piece of pie. There are many myths that exist, deceiving people into starting their business with unreasonable expectations.

Are you receiving all of your government entitlements?

There is a whole raft of government benefits that families can, and should, access. Here is a list that you could be claiming.

Where self education expenses are not deductable

Where self education expenses are not deductable

10 ways to make your employees more productive

It's a simple equation. Improving staff productivity is likely to boost the profitability of your business. So, what straightforward steps can you take to get more out of your people?

SFSS repayment calculator

The SFSS repayment calculator will help you determine the amount of your compulsory SFSS repayment for the 2007-08, 2008-09 and 2009-10 financial years.

Superannuation guarantee (SG) contribution calculator

Use this tool to calculate SG contributions for your eligible employees for a current quarter, including the period within 28 days after the end of that quarter.

Pre-nup agreements ... til divorce do us part

Are they worth the paper they are printed on? Are they are waste of time?

How to make your money work smarter

Do you want to enjoy a better lifestyle in retirement? Here are a few tips on making that dream possible.

A quiz for small business owners

Try the quiz and see how you compare to the results of a recent survey conducted by the Investment and Financial Services Association (IFSA).

Golden rules to avoid debt

6 tips to help you avoid debt

How to apply for a mortgage holiday

It is a rarely known fact but most banks and credit unions offer a "mortgage holiday" in most of their home loan products. Basically it where you can put your loan repayments on hold for a period of time, sometimes up to one year.

Using Technology To Save You Money

In this world of technology, virtually everything is at your fingertips. Use it effectively and it's guaranteed that you will save time and money. Here are a few different ideas of how technology can help you.

13 common GST mistakes

The GST has now been operating for a number of years yet despite a massive education campaign by the Australian Taxation Office (ATO) there are still many errors and omissions that are being made by small businesses on their GST returns. Most of these errors relate to the over-claiming of GST credits.

Education tax refund calculator

Use this calculator to help you calculate how much education tax refund you can claim.

Operating a business from home

Some businesses are better suited to home locations than others.

10 good reasons to start a self managed super fund

Self managed superannuation funds, or DIY funds as they are also known, have for some time now been the growth sector of the superannuation market. Nearly 290,000 funds, over 530,000 members and close to $140 billion in assets confirm the continuing popularity of self managed super.

How long will my retirement savings last?

Generally the first question most retirees ask when discussing their retirement is: "How long will my retirement savings last?" People naturally want to be confident that their income streams and investment portfolios will provide adequate income for their life expectancy.

Payment arrangement calculator

Calculate different payment scenarios based on your circumstances and use these as a guide to propose a payment arrangement that enables you to address your tax obligations.

Intro to self managed super funds

A Self Managed Superannuation Fund is a vehicle designed to provide retirement benefits to Members of that Fund. It may also be an efficient tax structure that offers significant benefits to investors.

How to cut your business fuel costs

Fuel tax credits provide businesses with a credit for fuel tax (excise duty) that is included in the price of fuel. Fuel tax credits commenced on 1 July 2006.

Employee/contractor decision tool

This decision tool is designed to help payers determine whether an individual worker is engaged as an employee or independent contractor. It will give a decision based on answers to some simple questions.

Businesses and property buyers are NSW Budget winners

Business owners, builders and property buyers are the big winners from the NSW budget released earlier this month. There will also be a smile on a few pub owners’ faces as lower gaming machine tax rates will apply to hotels from 1 July.

FEDERAL BUDGET - What it means to you

Only a handful of goodies were expected after the handouts we got in last year’s stimulus packages. But what would an election year be without a few incentives? Here is what you can expect.

Money Tips for School Leavers

You may not have much of it yet but money and its management will be an important part of your adult life. Money doesn’t grow on trees and you need to be smart with it. Here are a few money basics to help you

Mr Taxman's top ten business tax tips for 2010

Business owners always ask me for a tip or two around this time every year. Here are a few great strategies for your business to try to implement prior to 30 June 2010 to legitimately reduce tax.

Mr Taxman's top ten individual tax tips for 2010

It is that time of the year when we all need to do some tax planning. June 30 is rapidly approaching so here are some excellent tips for you to get your house in order and increase your tax refund.

The secret to getting your loan approved

Borrowing money from the bank used to be easy, but since the GFS it became hard. Here are a few tips to make it easy and painless for you.

A ticking time bomb

You kissed your husband goodbye and told him to have a good time and enjoy himself with the boys. But he had an accident and never made it home. Never.

Looking for some New Year's Resolutions?

The last few years have been horror ones financially for alot of people. But 2010 is starting to look pretty good. Here are a few ideas from Mr Taxman Adrian Raftery for creating your own list of New Year’s resolutions to help put your finances in better shape in 2010.

Has the stimulus payment worked?

Debate will no doubt rage for years to come whether the “Kev 07” stimulus package worked for Australia. I must admit that I queried the benefit of it when it was announced on 3 February. I struggle to find the benefit of giving someone $900 if they are at risk of losing their $50,000 job.

Money is NOT important and most things are NOT urgent

It may seem strange that an accountant would say that money is not important. But I was lucky in that I was never brought up to be materialistic.

Those annoying banks & their meaningless letters

Here are multi-billion companies, with all the latest technology, smartest people, etc in the world. Yet when it comes to approving a piddly little loan, of say $10,000, for a good customer (with a great credit history and track record) that they can’t make a decision themselves UNLESS they have a letter from the customer's accountant saying what the purpose of the loan is.

Mr Taxman's top twenty tax tips for 2009

Times are tough so every dollar saved counts. Last week I provided the first ten of my top twenty tax tips for this financial year. This week I now provide you with my Top Ten Tax Tips for 2009. Remember that tax planning should be 365 days per year not just one month. These strategies are just as useful on 1 July.