101 Ways to Save Money on Your Tax - Legally! 2017-2018

Author: Adrian Raftery  

Publisher: John Wiley & Sons Inc‎

Publication year: 2017

E-ISBN: 9780730344964

P-ISBN(Paperback): 9780730344940

Subject: F8 Finances

Language: ENG

Access to resources Favorite

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Chapter

7 Child care

8 Low-income earners

Low-income tax offset

Superannuation co-contribution

Superannuation spouse contribution tax offset

Low-income superannuation tax offset

9 Senior and pensioner tax offset

10 Other government benefits

Family Tax Benefit Part A

Family Tax Benefit Part B

Parenting payment

Better start for children with a disability

Youth Allowance

Transition to work

Other benefits

11 Family breakdown

Transfer of assets

Transfer of superannuation

Child support and spouse support payments

12 Death

Date of death return

Deceased estate returns

Beneficiaries

13 Trusts

Part II Your employment

14 Car usage

15 Methods to claim car travel

16 Travel

17 Uniform

18 Home office

19 Other work-related deductions

20 Keeping those receipts

21 ATO hit lists

22 Redundancy

Tax-free component of genuine redundancy

Balance of redundancy

Unused leave entitlements

23 Working a second job

24 Salary sacrifice

25 Fringe benefits

26 Living-away-from-home allowance

Accommodation

Food

Part III Your education

27 Claiming self-education expenses

28 The $250 threshold

29 Self-development courses

30 Higher Education Loan Program

31 Student Financial Supplement Scheme

32 Austudy and ABSTUDY

Austudy

Income test

Assets test

ABSTUDY

33 Trade Support Loans

34 Scholarships

35 School building funds

36 Education savings plans

37 Other government assistance

HECS-HELP benefit

FEE-HELP

VET student loans

OS-HELP

Part IV Your investment property

38 Negative gearing

39 Interest

40 Depreciation

41 Low-value pooling

42 Repairs and maintenance

43 Travel to see your investment property

44 Borrowing expenses

45 Legal expenses

46 Other rental property deductions

47 Foreign investment properties

48 Capital gains tax

49 PAYG withholding variation

50 Property genuinely available for rent

Part V Your shares

51 Dividends

52 Franking credits

53 Dividend reinvestment plans

54 Lower income earners

55 Borrowing to buy shares

56 Other allowable deductions

Ongoing management fees

Travel expenses

Journals and publications

Internet access

Other deductions

57 Shares and capital gains tax

58 Realising capital losses

59 Inheriting share portfolios

60 Share traders versus share investors

61 Rights and options

62 Employee share schemes

63 Share portfolios within self managed superannuation funds

Part VI Your superannuation

64 Contribution limits

65 Compulsory employer contributions

66 Salary sacrifice

67 Super co-contribution

The income threshold test

The 10 per cent eligible income test

68 Transferring foreign super

69 Self managed superannuation funds

70 Buying property within SMSFs

71 Gearing through a super fund

72 Accessing your super

73 Transition to retirement

74 Account-based pensions

75 Death benefits

76 Lost or unclaimed super

Part VII Your business

77 Choosing the right business structure

Sole traders

Partnerships

Companies

Trusts

78 Tax obligations

GST

Activity statements

79 Record keeping

80 Deferring tax

Deferring income

Maximise deductions

81 Trading stock

82 Bad debts

83 Home-based businesses

84 Employing people

Wages and conditions

Employment records

Taxation obligations

Superannuation obligations

Holiday and leave entitlements

85 Tax concessions and offsets

Simplified depreciation rules

Restart wage subsidy

Youth bonus wage subsidy

Other wage subsidies

Income averaging

Export Market Development Grant

Fuel tax credits

Research and development tax incentive

86 Selling or closing down

87 Personal services income

88 Non-commercial losses

89 Franchising

Part VIII Miscellaneous

90 Overseas income

91 Getting a great accountant

92 Lodging your tax return

93 Amending returns and objecting to assessments

Amendments

Objections

94 ATO data matching

95 Problems paying your tax

96 Medical expenses tax offset

97 Levies

Medicare levy surcharge

Temporary budget repair levy

98 Zone and overseas forces tax offsets

Zone tax offset

Overseas forces tax offset

99 Tax-effective investments

100 Tax planning as a 365-day process

101 Just do it!

Glossary

Bibliography

Index

EULA

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