101 Ways to Save Money on Your Tax - Legally! 2023-2024 Australian Taxpayers

An essential guide that will help you minimise your tax bill and maximise your deductions In 101 Ways To Save Money On Your Tax – Legally! 2023-2024 , bestselling author Adrian Raftery ― aka Mr. Taxman ― shows you how to get the most out of your taxable assets, lower your tax bill, and keep more of your hard-earned money. Get the latest on how a shift in government and changes to offsets, relief measures, and working from home might affect you. You’ll learn what’s different this year in the tax codes and how the new budget affects your bottom line, as well as how to (legally!) reduce your taxes. 101 Ways to Save Money On Your Tax makes it easy to find and implement every deduction that applies to you. This handy guide, trusted by tens of thousands of Australians, takes the stress and confusion out of the tax season. Find out what you actually owe, and lodge on time, with no mistakes. Whether you're an individual, married couple, investor, business owner or pensioner, this guide will help you: Understand how your taxes have changed for 2023–2024 Reduce your tax bill, potentially by $100s or $1000s Easily navigate work-related expenses, levies, shares, property, education, business expenses, family expenses, superannuation, and more Protect yourself against errors, audits, overpayments, and common tax traps Get the answers to frequently asked questions Updated with all the latest info, this 13th edition of 101 Ways To Save Money On Your Tax – Legally! is the comprehensive, authoritative and easy-to-follow guide that every Australian needs. Don’t pay more than you have to. Mr. Taxman is here to help. Cover Title Page Copyright Contents About the Author How to Use This Book Introduction Part I You and Your Family 1 Marriage 2 Income Splitting 3 Dependant (invalid and Carer) Tax Offset 4 Children 5 Payments for New Parents 6 Child Care 7 Low-income Earners 8 Senior and Pensioner Tax Offset 9 Other Government Benefits 10 Family Breakdown 11 Death 12 Family Trusts Part II Your Employment 13 Car Usage 14 Methods to Claim Car Travel 15 Travel 16 Uniform 17 Home Office 18 Other Work-related Deductions 19 Keeping Those Receipts 20 ATO Hit Lists 21 Redundancy 22 Working a Second Job 23 Salary Sacrifice 24 Fringe Benefits 25 Living-away-from-home Allowance Part III Your Education 26 Claiming Self-education Expenses 27 Student Loans 28 Austudy and ABSTUDY 29 Scholarships 30 School Building Funds 31 Education Savings Plans Part IV Your Investment Property 32 Negative Gearing 33 Interest 34 Depreciation and Low-value Pooling 35 Repairs and Maintenance 36 Borrowing and Legal Expenses 37 Other Rental Property Deductions 38 Foreign Investment Properties 39 Capital Gains Tax 40 PAYG Withholding Variation 41 Co-ownership of Your Investment Property Part V Your Shares 42 Dividends 43 Shares Owned by Low Income Earners 44 Borrowing to Buy Shares 45 Other Share Deductions 46 Capital Gains Tax on Shares 47 Realising Capital Losses 48 Inheriting Share Portfolios 49 Share Traders Versus Share Investors 50 Rights and Options 51 Employee Share Schemes 52 Share Portfolios Within Self Managed Superannuation Funds 53 Cryptocurrency 54 Non-fungible Tokens Part VI Your Superannuation 55 Contribution Limits 56 Transfer Balance Cap 57 Downsizer Contribution 58 Compulsory Employer Contributions 59 Salary Sacrifice 60 Division 293 Tax 61 Super Co-contribution 62 Transferring Foreign Super 63 Self Managed Superannuation Funds 64 Buying Property Within SMSFs 65 Gearing Through a Super Fund 66 Accessing Your Super 67 Transition to Retirement 68 Account-based Pensions 69 Death Benefits 70 Lost or Unclaimed Super Part VII Your Business 71 Choosing the Right Business Structure 72 Tax Obligations 73 Record Keeping 74 Deferring Tax 75 Trading Stock 76 Bad Debts 77 Home-based Businesses 78 Sharing Economy 79 Employing People 80 Single Touch Payroll 81 Tax Concessions and Offsets 82 Selling or Closing Down 83 Personal Services Income 84 Non-commercial Losses 85 Division 7A Loans by Private Companies 86 Franchising 87 Crowdfunding 88 Loss Carry Back Tax Offset Part VIII Miscellaneous 89 Overseas Income 90 Getting a Great Tax Accountant 91 Lodging Your Tax Return 92 Amending Returns and Objecting to Assessments 93 ATO Data Matching 94 Problems Paying Your Tax 95 Estate Planning 96 Private Ancillary Funds 97 Levies 98 Zone and Overseas Forces Tax Offsets 99 Tax-effective Investments 100 Tax Planning as a 365-day Process 101 Just Do It! Glossary Bibliography Index EULA.