Finding extra money today may be a big stretch. But if you can redeploy any,the financial advantage could work out well worth it.
You need to look for every tax deduction and defer any income you can,and take advice on your particular circumstances so you don’t overdo it.
Dodgy landlords making inflated claims for repairs and maintenance on their rental properties are firmly in the Australian Tax Office’s sights.
Work-related handbags,briefcases and sunscreen are just some of the tax deductions that can be overlooked.
About two-thirds of federal parliamentarians own two or more properties,an analysis of the declared interests shows.
What would you do if you had millions of dollars in family wealth at your disposal? The answer for some is obvious:tackle the climate crisis.
Take it from an accountant:taxpayers give too much help to ute and 4WD buyers to tempt small businesses to convert to electric vehicles.
The Productivity Commission warned more than a decade ago the community was not getting value for money from concessions for clubs,but the money keeps flowing.
Independent MPs have proposed a small tax concession for landlords that could slash renters’ energy bills and cut greenhouse gas emissions.
Taxpayers are urged to find every legitimate deduction they can before lodging tax returns this year.
With a bit of planning many people could afford to contribute more to super and collect tax breaks.