28 May 2008 | Caitlin O'Toole | The Australian Financial Review
For once, the Australian Taxation Office has the funds to hire auditors, and these hired guns are after the wealthy tax avoiders.
28 May 2008 | Mark Lawson | The Australian Financial Review
Australian Taxation Office operations, such as Operation Wickenby, may grab the headlines with shots of businessmen being led away in handcuffs. But the shortest route to jail for most taxpayers remains defrauding the goods and services tax system.
28 May 2008 | Caitlin O'Toole | The Australian Financial Review
Investors - with only a few weeks left in the tax year - are seeking ways to minimise their tax bills and one tactic is to prepay next year's interest on an investment loan in one big lump sum.
28 May 2008 | Caitlin O'Toole | The Australian Financial Review
Tax experts have a few tips on how to lower your taxable income before June 30 but they warn it's not worth spending money on a risky investment just to generate a deduction.
01 June 2008 | Chris Wright | Financial Review Smart Investor
Tax shouldn't take the front seat in investment decisions, but it shouldn't be ignored either. Chris Wright looks at 10 effective ways to cut your tax bill.
28 May 2008 | Michaela Boland | The Australian Financial Review
When the Howard government flagged the closure of 10BA tax fund-raising for film financing in the 2007 federal budget, there was a rush on applications for certificates before the cut-off date of June 30 last year.
28 May 2008 | Michael Pollak | The Australian Financial Review
The family trust has been hit hard in the federal budget, with the government limiting the ability of trusts to distribute income.
28 May 2008 | David Binning | The Australian Financial Review
There are few things as unpleasant as a tax audit. But by getting good professional advice and taking the right steps, the pain can be minimised.
28 May 2008 | Alexandra Cain | The Australian Financial Review
Those who work from home are able to claim interest payments on a mortgage as a tax deduction but, although it may seem like money for free at the time, this concession can easily come back to bite unwary taxpayers.
28 May 2008 | David Binning | The Australian Financial Review
Individual asset structures are getting more complicated, so people should try to choose a tax accountant who matches their portfolio, and ideally even their demographic.
28 May 2008 | Shane Nichols | The Australian Financial Review
Negatively geared property is a favourite strategy of Australian investors, but whether it is a tax manoeuvre or a wealth builder may depend on the investor's skill.
28 May 2008 | Rod Easdown | The Australian Financial Review
The bad news is that the budget lifted the luxury car tax from 25¢ in the dollar to 33¢, on every dollar over the luxury tax threshold. The good news is that there are still some first-class luxury cars available below the tax threshold of $57,123.
28 May 2008 | Alexandra Cain | The Australian Financial Review
Salary packaging is dead. Long live salary packaging. Although many of the benefits of salary packaging were removed in this year's federal budget, there are still a range of benefits that can be included as part of a salary package.
28 May 2008 | Caitlin O'Toole | The Australian Financial Review
Some small businesses will face a higher tax bill next year, after the federal government introduced an income test not just to family benefits but to the 25 per cent entrepreneur's tax offset as well.
28 May 2008 | Mark Lawson | The Australian Financial Review
The once massive industry in marketing tax-effective packages for all sorts of schemes, mainly involving forestry and agriculture, for those with a potentially major tax bill, is a shadow of its former self.
28 May 2008 | John Kehoe | The Australian Financial Review
Many investors sitting on unrealised losses, thanks to the bull market going into reversal this year, may be tempted to sell stocks to realise the losses before June 30 - particularly if they are facing taxable capital gains.
28 May 2008 | John Wasiliev | The Australian Financial Review
No news is good news, or so they say. Because there was no news about the concession that self-managed super funds (SMSFs) can directly borrow money to make investments - available since September last year - this was good news for the concession.
28 May 2008 | John Wasiliev | The Australian Financial Review
When the Self-managed Super Fund Professionals' Association of Australia (SPAA) held its annual conference in Brisbane earlier this year, one of the hot topics was whether there should be a size restriction on DIY funds. Not a benefit limit like the pre-super changes days, but rather a minimum size obligation.
28 May 2008 | Patrick Durkin | The Australian Financial Review
More and more employees moving overseas or interstate for work are getting significant tax benefits using the "living away from home" allowance. Employers are also increasingly using the benefit to attract the skilled workers they need for their business.
28 May 2008 | Mark Fenton-Jones | The Australian Financial Review
An increasing number of businesses are expected to access the small business capital gains tax concessions following changes announced in the federal budget this month.
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