Business Accounting

GST overhaul inevitable and desirable, business groups stress

CPA.

Madeleine Heffernan An overhaul of the goods and services tax is inevitable and might help raise living standards, business groups say.

Henry warning to lift revenue

Dr Ken Henry.

Clancy Yeates State and federal governments must extract more tax revenue if they are to fund the nation's ballooning infrastructure needs in decades to come, former Treasury secretary Ken Henry says.

Mark Bouris

Where to put taxman's 'gift' depends on you

Mark Bouris

Mark Bouris Over the next few weeks, a lot of readers will be receiving tax refund cheques from the Australian Taxation Office.

Online tax drive

Young man having trouble studying.

Barbara Drury It's that time of year when Australians start grumbling about giving up a Sunday to fill in their annual income tax return.

In the tax office sights

annual

Annette Sampson More than 1500 people have been prosecuted by the Tax Office in the past year as it steps up its efforts to track down tax cheats.

Benefits of a safety net

rescue

Barbara Drury If you are thinking about income protection insurance, it could be financially worth your while to prepay a year's premiums before June 30 and bring forward a handy tax deduction.

Rental checklist

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When it comes to claiming deductions, the Tax Office finds many landlords get it wrong because they don't know better.

June 30 tax tips to save a bundle

Save money at tax time.

Annette Sampson Another financial year done and dusted. Well, almost. With a little more than four weeks to go until June 30, it is high time to get in some last-minute tax planning.

Prepare for your return

Annette Sampson

Annette Sampson The strategy: To get my things together to do this year's tax return.

Insight: tax

Clancy Yeates

Clancy Yeates Now is about the time many people begin the yearly chore of digging out all those receipts and other papers needed to complete their tax returns.

Eight ways to beat the taxman

Four weeks might not seem like a long time but what you do this month could have a significant impact on your upcoming tax bill or refund.

Edgy investors shy away

Fund Pick There's been a big downturn in the number of managed investment schemes advertising tax deductions.

Arrange a super benefit

Super.

I Can Do That The strategy: to get a tax break from super before June 30.

It'll be hard to dodge the spotlight

Tax returns.

Lesley Parker The bedding in of a new computer system at the Australian Taxation Office will make it even harder to hide if you don't get your tax return right this year.

Car package has greater appeal

Fringe benefits tax.

Lesley Parker Federal budget changes to the way fringe benefits tax (FBT) applies to leased cars means it may be time to review your salary packaging arrangements - or put some in place - to improve your take-home...

Rebates help ease pain

Barbara Drury The federal government is winding back tax rebates for medical expenses and private health insurance but there are still financial incentives to book an expensive medical procedure or take out...

Getting ahead can have its pitfalls

John Collett Everyone likes a tax deduction. A big part of the marketing push from margin lenders is the ability to claim a tax deduction this financial year.

Art of deduction

I Can Do That The strategy: To get a tax break on my work-related expenses.

Annette Sampson

Returns in pocket beat pre-tax profit

Counting the benefits ... tax should be seen as a critical element of your investment strategy.

Annette Sampson Tax matters. And not just because it's that time of the year when tax is top of mind.

Guide to charitable giving

Annette Sampson.

I Can Do That The strategy: To get a tax deduction on charitable donations before June 30.