Hockey hands chemists $117,000 raise
WHILE almost every major health program has suffered cuts or freezes in this year’s Federal Budget, chemists have come out the big winners — with a $117,000-a-year pay rise.
Tax
Pension changes spark a rethink
Retirees will need to save more or be more proactive about managing their assets
Beat the ticking tax clock
Being an early bird pays off if you want to maximise this year’s tax refund
The truth about negative gearing
IT’S Australia’s ‘N’ word — equally loved and loathed, depending on who you talk to. But beyond the myths and the sledging, what are the facts?
Seven ways to keep up cash flow
Lower super fees, government incentives and investments are just some ways to keep the cash tap flowing once you retire.
Why we should raise the GST
AUSTRALIA needs to follow New Zealand’s example by reducing reliance on income tax and instead raising more money via the GST, a leading economist says.
A 12% GST does what to income tax?
RAISING the rate of the GST sounds nasty — until you work out what it could mean in terms of personal income tax cuts. We reveal the potential effect here.
How much tax does Obama actually pay?
US President Barack Obama and wife Michelle have to cough up for the taxman too but they sure know how to offset it with the right deductions.
Six ways to jump start your nest egg
Follow these strategies to give your nest egg a boost and reach or even exceed your savings goals.
Beat the taxman honestly
YOU shouldn’t pay more tax than you legally have to. Here are some strategies to cut your bill.
Here’s some more bad news
LOOKS like we’ll have to cop high taxes for a while to come, with treasurer Joe Hockey today admitting the country can no longer afford promised tax cuts.
No GST changes… yet: Abbott
TONY Abbott insists the GST won’t change in his government’s first term, despite one of his MPs pushing for it to apply to fresh food, health and education.
Is the GST about to be broadened?
A LIBERAL MP appears to have broken ranks by saying the GST needs to be applied to fresh food, health and eduction. But Labor says all is not as it seems.
Online shopping may get GST
ONLINE shoppers beware: buying goods online may become more expensive as the government prepares to review GST exemption on items under $1000.
Are you about to pay much more?
MORE and more, people are arguing we should be paying a higher GST rate. So are we about to get slogged even more on everything we buy?
Why young Aussies are getting screwed
WHILE Australia’s young people struggle with higher house prices and university fees, one generation is laughing themselves all the way to the bank. Here’s why you’re getting ripped off.
Five great ways to spend your tax refund
THE deadline for submitting your tax return is this Friday, although many will already have done so. Here’s what you should do with the extra cash.
Is Tony Abbott about to raise the GST?
“WHAT Tony Abbott wants to do ought to cause the hairs on the back of Australians’ necks to stand up.” The PM’s opponents say he is gearing up to raise the goods and services tax.
The $55,000 hair-raising tax claim
THE ATO has warned idiots lodging fake expenses, after one taxpayer falsely claimed to have racked up $55,000 for hairdressing and clothing costs.
Clock ticking on tax returns
AUSTRALIANS choosing the do-it-yourself option and filing their own tax returns have just a few weeks to get organised.
The ugly truth about tax time
COMPLETING a tax return is getting more complex as Canberra’s constant rule changes frustrate everyday Australians.
War on durries: Who’s really winning?
THE war on tobacco continues — as of today, smokers will have to cough up even more. But who’s really winning this battle? It’s not who you think.
Simple ways to save lots of money
FORGET the dustpan. This spring clean could save you thousands of dollars. Here’s 10 quick tips to good financial health.
Celebs reveal tax return splurges
DOING your taxes can be painful, but it’s worth it if you’re lucky enough to get some money back.
Obama gets serious on dodgy companies
US PRESIDENT Barack Obama is sick of corporations trying to dodge their taxes. So now he’s getting serious about stopping them.
Tax grab to raise the cost of booze
DRINKERS will pay more today for a slab of beer and spirits under an alcohol price hike. But the pain is greater for those who prefer spirits, or pre-mixers.
Dangers of DIY tax
MILLIONS of taxpayers who do their own tax returns are being warned to watch out for the traps that can be costly at this time of the year.
Crazy things Aussie millionaire claims on tax
HE WAS a millionaire at age 30. And he didn’t get there without knowing more than a few savvy ways to save a buck.
Three tactics to beat the taxman
AUSTRALIA boasts one of the highest personal tax rates in the developed world, but these simple tips will help you hold on to as much of your cash as possible.
Fraudsters out in force at tax time
The ATO urges taxpayers to be wary of criminals on the hunt for personal information.
Original URL: https://www.news.com.au/finance/money/tax/page/27