Contact Us Need help? Contact us
Explore Departments
Departments

101 Ways to Save Money on Your Tax - Legally!

by Adrian Raftery

PUBLISHED: 19th May 2011
ISBN: 9780730375883
Product Unavailable
OTHER FORMATS:
PUBLISHED: 19th May 2011
ISBN: 9780730375883

Publisher Description

101 Ways to Save Money on Your Tax - Legally! is the only guide dedicated to ensuring you take advantage of the tax breaks and deductions you are entitled to.

This book covers the key categories of employment, education expenses, investment properties, share investments, superannuation, business, motor vehicles and medical expenses. It will help you prepare your paperwork for tax time - getting together all your deductions for your accountant, or ready for you to lodge online. You only see your accountant or do your tax once a year, but to get the best possible return, you need to be thinking about it for 365 days!

Author Biography

Adrian Raftery, aka Mr Taxman, has over 20 years experience in providing accounting services and financial advice to businesses and individuals. Visit Mr Taxman at

Table of Contents

About the author ix How to use this book xi Introduction xiii Part I You and your family 1 Tip 1 Marriage 2 Tip 2 Income splitting 5 Tip 3 Dependants 7 Tip 4 Children 9 Tip 5 Paid parental leave and the baby bonus 12 Tip 6 Childcare 14 Tip 7 Low-income earners 16 Tip 8 Senior Australians 18 Tip 9 Other government benefi ts 20 Tip 10 Family breakdown 23 Tip 11 Death 25 Tip 12 Trusts 28 Part II Your employment 31 Tip 13 Car usage 33 Tip 14 Methods to claim car travel 35 Tip 15 Travel 38 Tip 16 Uniform 40 Tip 17 Home offi ce 42 Tip 18 Other work-related deductions 45 Tip 19 The $500 standard deduction 47 Tip 20 Keep those receipts 49 Tip 21 ATO hit lists 52 Tip 22 Redundancy 54 Tip 23 Working a second job 57 Tip 24 Salary sacrifi ce 59 Tip 25 Fringe benefi ts 62 Tip 26 Living-away-from-home allowance 65 Part III Your education 69 Tip 27 Claiming self-education expenses 70 Tip 28 The $250 threshold 73 Tip 29 Self-development courses 75 Tip 30 Higher Education Loan Program 78 Tip 31 Student Financial Supplement Scheme 81 Tip 32 Youth Allowance 83 Tip 33 Austudy and ABSTUDY 85 Tip 34 Other government assistance 88 Tip 35 Scholarships 90 Tip 36 Education Tax Refund 93 Tip 37 School building funds 96 Tip 38 Education savings plans 98 Part IV Your investment property 101 Tip 39 Negative gearing 103 Tip 40 Interest 106 Tip 41 Depreciation 108 Tip 42 Low-value pooling 111 Tip 43 Repairs and maintenance 114 Tip 44 Travel to see your investment property 117 Tip 45 Borrowing expenses 119 Tip 46 Legal expenses 122 Tip 47 Other rental property deductions 123 Tip 48 Foreign investment properties 126 Tip 49 Capital gains tax 128 Tip 50 PAYG withholding variation 131 Tip 51 Genuinely available for rent 133 Part V Your shares 135 Tip 52 Dividends 137 Tip 53 Franking credits 140 Tip 54 Dividend reinvestment plans 143 Tip 55 Lower income earners 144 Tip 56 Borrowing to buy shares 147 Tip 57 Other allowable deductions 149 Tip 58 Shares and capital gains tax 151 Tip 59 Realise capital losses 154 Tip 60 Inheriting share portfolios 156 Tip 61 Share trader versus share investor 158 Tip 62 Rights and options 161 Tip 63 Employee share schemes 162 Tip 64 Share portfolios within self managed superannuation funds 165 Part VI Your superannuation 169 Tip 65 Contribution limits 171 Tip 66 Compulsory employer contributions 174 Tip 67 Salary sacrifi ce 176 Tip 68 Super co-contribution 179 Tip 69 Transferring foreign super 182 Tip 70 Self managed superannuation funds 184 Tip 71 Buying property within SMSFs 187 Tip 72 Gearing through a super fund 189 Tip 73 Accessing your super 192 Tip 74 Transition to retirement 194 Tip 75 Allocated pensions 196 Tip 76 Death benefi ts 198 Tip 77 Lost or unclaimed super 200 Part VII Your business 203 Tip 78 Choosing the right business structure 205 Tip 79 Tax obligations 208 Tip 80 Record keeping 211 Tip 81 Deferring tax 214 Tip 82 Trading stock 216 Tip 83 Bad debts 218 Tip 84 Home-based businesses 220 Tip 85 Employing people 223 Tip 86 Tax concessions and offsets 226 Tip 87 Selling or closing down 228 Tip 88 Personal services income 231 Tip 89 Non-commercial losses 232 Tip 90 Franchising 234 Part VIII Miscellaneous 237 Tip 91 Overseas income 238 Tip 92 Get a great accountant 240 Tip 93 Lodging your tax return 243 Tip 94 ATO data matching 244 Tip 95 Problems paying your tax 247 Tip 96 Medical expenses tax offset 249 Tip 97 Levies 252 Tip 98 Zone and overseas forces tax offsets 256 Tip 99 Tax-effective investments 258 Tip 100 Tax planning is a 365-day process 260 Tip 101 Just do it! 262 Glossary 265 Bibliography 283 Index 285

Product Details

Publisher
John Wiley & Sons Australia Ltd
Year
2011
ISBN-10
0730375889
ISBN-13
9780730375883
Format
Paperback
Country of Publication
Australia
Pages
304
Author
Adrian Raftery
Publication Date
2011-05-19
Short Title
101 WAYS TO SAVE MONEY ON YOUR
Language
English
Media
Book
Audience
General/Trade