The Savings Guide ‘tax-free threshold’ savings strategy will help you forcefully save money by over-paying your taxes each year to the ATO. A simple answer of ‘No’ on your employer tax declaration form will result in a larger tax refund and a yearly lump sum of money.
Tax tips to get a bigger tax return and pay less tax
Tax tips and tricks to help you find tax deductions. If you are looking to reduce your tax, it pays to understand the deductions and strategies you have available to you.
Whether it be keeping receipts for work related expenses, salary sacrificing into Superannuation or working with a tax accountant to structure your personal affairs in the most tax effective way - we have the tips you need to get started.
Start by looking into the tax brackets you currently fall under. Once you know how much tax you currently pay, you can start to find ways to bring yourself down a bracket (or two) to pay less tax with our deduction guides.
Unsure of how much tax you should pay? Start by using a tax calculator. From here, you can start exploring things like 'salary sacrificing into Super' to further save on tax.
If you have to wear a uniform or piece of clothing specific to your job function – you are entitled to make a tax deduction for doing so. Here is how to get a tax deduction on uniforms and work specific clothing.
How to get a tax depreciation schedule for your investment property, to claim extra expenses on the depreciation of the items within your property. A quick and fully tax deductible way to boost your tax return.
There are a range of tax tips, tricks, offsets and subsidies available for low income earners. This article covers some of the main ways you can get ahead at tax time when you are classified as a low income earner.
A list of tax deductions and business expenses for people who run a business from home or do freelancing work on the side. Tips to help you get a bigger tax refund and maximise your business expenses.
A list of tips, tricks and deductions for people who work in retail jobs. Learn what items are tax deductible and get a bigger tax refund by claiming everything you are entitled to.
Tax deductions for office workers who are unsure of what deductions are allowed when working inside an office.
A list of last minute tax tips to get a bigger tax refund, save money and hopefully walk away with extra money after your tax return. Use the lead up to tax time to your advantage.
For most of us, the tax man has just come knocking. If you are anything like me (and I hope for your sake that you are not), this involved a frantic scramble through receipts and folders, and some self-flagellation due to my lack of filing. I’m sure that habit of mine loses me at least […]
The Australian taxation system is one of the most complex tax setups in the world, so knowing what you are entitled to and what you aren’t is very important when you reach the age of 55. Understanding your rights with tax can be the difference between saving a couple hundred thousand dollars or more when […]
By using a tax accountant, you can engage a professional who’s sole job it is to reduce your tax and get you a bigger tax return. Learn why smart money savers choose a tax accountant over doing their own taxes.
Tax deductions for tradies and people who work in trades. Find ideas and business expenses that you can claim as a trades person.
2014 tax rates for individual tax payers and how to calculate the exact amount of tax you will have to pay in 2014. A step by step guide to understanding.
Is it worth paying a tax accountant to do your tax return? Here we outline the money saving reasons for both options.
Most people deal with accountants once a year, at tax time for their personal income tax return. Accountants are expected to have an up to date understanding of taxation laws and policies to help you complete your return or guide you with regards to advice in that area. They are fantastic for helping you find […]