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.

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.

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?

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.

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.

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.

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.

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.

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.

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:

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.