Home in on extra tax deductions
EVEN if you only work from home sometimes you may be entitled to more cash than you think.
Tax
Don’t get caught by CGT
There are ways to reduce the impact of capital gains tax
Do this now to get the biggest tax refund
IF YOU run a small business there are some sweet deals you should take advantage of before the end of the financial year. So do these things now.
How to save thousands in tax
LESS of your hard-earned money will go to the taxman if you get cracking with these three tactics.
How to wipe your study debts
PAY back your study debts faster and you could make some significant savings and feel like you’ve gained an instant pay rise.
Yes, renters can share tax time joy
RENTING a property does not suck as much as it is made out. Here is how to make a property-related tax deduction and now is the time to act.
Should you prepay to save tax?
Bringing forward tax deductions sounds nice but it must also make financial sense
Three tips to make donations count
GIVING to good causes can make a huge difference to many worldwide. But are you sure you know who you are supporting and if you’re benefiting as well?
Shark Tank judge’s tax tips
TEN’S Shark Tank entrepreneur Naomi Simson says there’s no point spending up just because it’s the end of the tax year — but you can save in other ways.
Treasurer back under attack after Q&A
A FEW stray comments on last night’s Q&A had caused big headaches for the Government, and Treasurer Joe Hockey’s performance is back under attack.
ATO targets dodgy work deductions
TAXPAYERS making excessive work-related expense claims and incorrect rental property deductions can expect to come under the microscope at tax time.
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.
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.
Original URL: https://www.news.com.au/finance/money/tax/page/27