Personal Income Tax

Are GST Changes Viable Tax Reforms?

Taxpayers in Australia have contributed to the much debated and anticipated Tax Reform White Paper, prepared by the government.

Home Appliances: Should You Rent or Buy?

Most people love to get a bargain, but not all bargains are what they promise to be and it is best to wide awake when considering a bargain. Sometimes a bargain is anything but, as you will discover in the following discussion…

Protecting Your Exposed Assets

There is no such thing as absolute asset protection. However, more and more people are seeing the importance of putting a sound asset protection plan in place, to protect professionals, entrepreneurs and small business owners from the risk of losing their assets to creditors and other claimants that may arise. Essentially, asset protection is a legally permissible strategy to safe-guard your hard-earned assets in the unfortunate event of financial disaster.

Your Travel Allowances vs Politicians’ Travel Allowances

The law allows for travel, tax and other allowances for politicians, and most people see this as being no different to other professions where employees need to travel to maximize their time and skills for the benefit of the company. Many people need to travel as part of their job responsibilities and no one questions whether their living expense should be covered when they are away from home for business purposes. However, one legitimate question remains unanswered: is the benefit of the permissible travel expense, as beneficial to the Australian taxpayer as it is to the parliamentary recipient?