Taxes

3 ways to spend your tax refund that’ll change your life

Did you know that the average Aussie gets a tax refund of $2,574? Even better, this year the ‘Lamington’ (Low And Middle Income Offset) of up to $1,080 kicks in. (The sweet spot for getting the full amount is earning...

Taxes

Pay the Tax, Not the Tip

Last week Bill Shorten told us he thinks there are two types of taxpayers: “Those that fly economy, and those that fly first class” (i.e. who can minimise their tax). (Hats off to the speech writer who came up with...

Taxes

The ATO is targetting you this year

This week, in preparation for tax time, I spoke to one of the most powerful people at the Australian Tax Office, Assistant Commissioner Graham Whyte. Or Whytey, for short. (I don’t know if anyone has ever referred to him as...

Taxes

Ready For Budget Round 2

If I’ve said it once, I’ve said it at least three times: don’t take financial advice from Joe Hockey. After the Reserve Bank cut interest rates this week to (new) historic lows, Joe covered his curlies by advising us that "now is the time to borrow and invest...now is the time to have a go”.