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.

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.

2021/22 fee schedule

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

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.

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.

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 #14

Deferring compulsory HECS/HELP/TSL/VSL repayments

A COVID-19 TAX TIP FROM MR TAXMAN #2

Download the myDeductions App from the ATO

A COVID-19 TAX TIP FROM MR TAXMAN #1

Working from home

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.

Reforms set to boost the professional standards of financial planners

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

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.

Raftery Back to School Tips for 2015

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

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.

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.

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!

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.

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.

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

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.

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.

Education tax refund

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

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.

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

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

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.

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 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.

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.