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101 Ways to Save Money on Your Tax - Legally 2016-2017 : 101 Ways to Save Money on Your Tax Legally - Adrian Raftery

101 Ways to Save Money on Your Tax - Legally 2016-2017

101 Ways to Save Money on Your Tax Legally

Paperback

Published: 20th May 2016
Ships: 15 business days
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Published: 16th May 2016
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Paperback
Published: 23rd May 2017
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Mr. Taxman is back with essential money-saving tax tips for 2016-2017

101 Ways to Save Money on Your TaxLegally! is the Australian taxpayer's essential guide to maximising returns. Comprehensively updated for 2016-2017, this indispensable resource explains all of the changes to the May 2016 budget to help you pay what you owe and not a penny more. You'll find answers to common questions, tax traps to avoid and plenty of tips from Mr. Taxman himself that can save you hundreds or even thousands of dollars! Leverage your business, education, family, property, medical expenses, levies, shares and superannuation to get the tax return you deserve – and are fully entitled to under Australian law. You'll also find expert advice for tax-effective investments, tax planning and how to find a great accountant, so you can position yourself for an even bigger return next year!

Taxes are important, and they pay for things that are fundamental to a functioning society – but the government is only entitled to so much of your money. This book helps you determine exactly how much that is, so you can stop overpaying and start maximising your return.

  • Maximise deductions for your family, business, investments and more
  • Understand the latest changes to tax law
  • Identify traps and errors before it's too late
  • Access planning and filing tips for your specific situation

Every year, so many Australians overpay their tax due to confusion surrounding tax law. Don't allow obscure language and complicated deductions to take money out of your pocket this year. It's your money, and you worked hard for it. Why pay more than you have to? 101 Ways to Save Money on Your TaxLegally! shows you how to maximise deductions to maximise returns, and make sense out of your tax.

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101 Ways to Save Money on Your Tax - Legally 2016-2017
 
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(based on 1 review)

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(1 of 1 customers found this review helpful)

 
5.0

I would recommend this book for young and old.

By 

from Melbourne, Australia

About Me Casual Reader

Verified Buyer

Pros

  • Broad Appeal
  • Deeply Informative
  • Deserves Multiple Readings
  • Easy To Understand
  • Expert Author
  • Great Insights
  • Pages well designed, making it very easy to read
  • Well Written
  • Well written tips for easy referral

Cons

    Best Uses

    • Older Readers
    • Reference
    • Younger Readers

    Comments about 101 Ways to Save Money on Your Tax - Legally 2016-2017:

    A well written and up to date book that is easy to read as well as easy to understand.

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    About the author xi

    How to use this book xiii

    Introduction xvii

    Part I You and your family 1

    1 Marriage 2

    2 Income splitting 5

    3 Dependant (invalid and carer) tax offset 7

    4 Children 9

    5 Paid parental leave 12

    6 Dad and partner pay 14

    7 Child care 15

    8 Low-income earners 17

    9 Senior and pensioner tax offset 19

    10 Other government benef its 21

    11 Family breakdown 25

    12 Death 27

    13 Trusts 30

    Part II Your employment 33

    14 Car usage 35

    15 Methods to claim car travel 38

    16 Travel 40

    17 Uniform 42

    18 Home off ice 44

    19 Other work-related deductions 47

    20 Keeping those receipts 50

    21 ATO hit lists 52

    22 Redundancy 55

    23 Working a second job 57

    24 Salary sacrif ice 60

    25 Fringe benef its 62

    26 Living-away-from-home allowance 66

    Part III Your education 71

    27 Claiming self-education expenses 72

    28 The $250 threshold 75

    29 Self-development courses 77

    30 Higher Education Loan Program 80

    31 Student Financial Supplement Scheme 84

    32 Austudy and ABSTUDY 86

    33 Trade Support Loans 89

    34 Scholarships 91

    35 School building funds 93

    36 Education savings plans 96

    37 Other government assistance 98

    Part IV Your investment property 103

    38 Negative gearing 105

    39 Interest 108

    40 Depreciation 112

    41 Low-value pooling 115

    42 Repairs and maintenance 117

    43 Travel to see your investment property 120

    44 Borrowing expenses 122

    45 Legal expenses 125

    46 Other rental property deductions 126

    47 Foreign investment properties 130

    48 Capital gains tax 132

    49 PAYG withholding variation 135

    50 Property genuinely available for rent 138

    Part V Your shares 141

    51 Dividends 143

    52 Franking credits 146

    53 Dividend reinvestment plans 149

    54 Lower income earners 150

    55 Borrowing to buy shares 153

    56 Other allowable deductions 156

    57 Shares and capital gains tax 158

    58 Realising capital losses 160

    59 Inheriting share portfolios 162

    60 Share traders versus share investors 164

    61 Rights and options 167

    62 Employee share schemes 169

    63 Share portfolios within self managed superannuation funds 172

    Part VI Your superannuation 175

    64 Contribution limits 178

    65 Compulsory employer contributions 181

    66 Salary sacrifice 184

    67 Super co-contribution 187

    68 Transferring foreign super 189

    69 Self managed superannuation funds 192

    70 Buying property within SMSFs 195

    71 Gearing through a super fund 198

    72 Accessing your super 201

    73 Transition to retirement 203

    74 Account-based pensions 205

    75 Death benefits 207

    76 Lost or unclaimed super 209

    Part VII Your business 213

    77 Choosing the right business structure 215

    78 Tax obligations 219

    79 Record keeping 223

    80 Deferring tax 226

    81 Trading stock 228

    82 Bad debts 230

    83 Home-based businesses 232

    84 Employing people 235

    85 Tax concessions and offsets 238

    86 Selling or closing down 241

    87 Personal services income 243

    88 Non-commercial losses 245

    89 Franchising 246

    Part VIII Miscellaneous 249

    90 Overseas income 250

    91 Getting a great accountant 253

    92 Lodging your tax return 256

    93 Amending returns and objecting to assessments 259

    94 ATO data matching 262

    95 Problems paying your tax 265

    96 Medical expenses tax offset 267

    97 Levies 270

    98 Zone and overseas forces tax offsets 275

    99 Tax-effective investments 277

    100 Tax planning as a 365-day process 279

    101 Just do it! 281

    Glossary 283

    Bibliography 301

    Index 303

    ISBN: 9780730330110
    ISBN-10: 0730330117
    Series: 101 Ways to Save Money on Your Tax Legally
    Audience: General
    Format: Paperback
    Language: English
    Number Of Pages: 340
    Published: 20th May 2016
    Publisher: John Wiley & Sons Australia Ltd
    Country of Publication: AU
    Dimensions (cm): 21.0 x 14.0  x 2.0
    Weight (kg): 0.41
    Edition Number: 6
    Edition Type: Revised