Eight ways to beat the taxman

Jun 01, 2011

June 30 is just four weeks away. Annette Sampson asks the experts for their top tips.

Four weeks might not seem like a long time but what you do this month could have a significant impact on your upcoming tax bill or refund. Yes, June 30 is rolling around again and along with getting your shoebox out and paperwork organised, the coming weeks represent a last-chance opportunity to organise your affairs to save on tax.

This is the first year in eight that we haven't had a tax cut to look forward to. Indeed, many people will get an effective tax rise with the one-year flood levy due to come in from July 1.

Money asked the experts for their top tips for getting our finances in order for the end of financial year.

Read the article

comments-rhsLatest Comments

  • "My wife is an employee working in Disability, she has to go from place to for her work and we will use the Logbook method. How much can you claim on your tax for mechanical repairs? Our car his given..."

    By: Brian Thomson at Jul 16, 2021 3:42AM

    Post: Claiming car expenses

  • "I work as a lecturer for 5 universities. for 3 universities I am sessional lecture, for 1 university I work 4 days a weeks, and for 1 university i get paid through GST invoice. I have ABN and I pay..."

    By: Neeraj at Jul 15, 2021 2:10PM

    Post: Claiming car expenses

  • "You will need to show what your employer pays as income & then separately claim for your car. Based on those sort of kms, the cents per kilometre method probably won't be the one to claim but rather..."

    By: Mr Taxman at Jun 24, 2021 4:11AM

    Post: Claiming car expenses

  • "The debt will have no impact on your returns but any future refunds that he is entitled to needs to be offset against that debt. May I recommend that he arranges a payment plan with the ATO ASAP."

    By: Mr Taxman at Jun 24, 2021 4:05AM

    Post: Marriage

  • "I travel from home to up to 3 to 4 farms a week carrying around vaccination equipment and heavy beak trimming machines, employer pays me a cents per KLM after the first 100 KLM every day, i average..."

    By: Daniel at Jun 23, 2021 1:11AM

    Post: Claiming car expenses