Higher-income earners can minimise the impact of the federal government's budget tax hikes and welfare cutbacks by deferring income, prepaying expenses and possibly splitting superannuation contributions with their spouse, according to tax experts.
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.
Like many landlords, Cleo Glyde always believed property investing was a reliable way to make money – it's stable, simple and it comes with hefty tax breaks. Now she's not so sure.
With an onslaught of extra people working from home thanks to COVID-19, tax-time in 2020 could look a little different from previous years.
While many savvy retailers are great at tricking people into spending money at this time of year purely to get a tax deduction, there are genuine ways to spend for a better tax refund.

comments-rhsLatest Comments

  • "HOW I GOT RID OF HERPES VIRUS BY DR ISHIAKU I want to inform the public how I was cured of herpes simplex Virus by a herbal Dr called ISHIAKU. I visited different hospitals but they gave me..."

    By: juwan james at Jul 29, 2022 12:54AM

    Post: Claiming car expenses

  • "EASY AND RELIABLE ON HOW TO RECOVER BITCOIN / CRYPTO ASSETS LOST TO online theft, Anyone out there seeking to recover any form of crypto coins and financial assets from online scams or wallet..."

    By: shirlee at Jul 15, 2022 11:20AM

    Post: Foreign currency trading

  • "I am an Australian citizen but also a US permanent resident for the past year. I was in australia for 3 months in the current tax year and I did not make any Australian income but I did make foreign..."

    By: Natalie at Jul 14, 2022 5:37PM

    Post: Marriage

  • "Hi, my partner just purchased a new car for work purposes only. He carries bulky equipment and has been able to claim in the past. My vehicle and his old vehicle are used for personal use and the new..."

    By: Kim H at Jan 20, 2022 8:55AM

    Post: Claiming car expenses

  • "Hi, my partner just purchased a new car for work purposes only. He carries bulky equipment and has been able to claim in the past. My vehicle and his old vehicle are used for personal use and the new..."

    By: Kim H at Jan 20, 2022 8:55AM

    Post: Claiming car expenses