Tax for Australians For Dummies

Jimmy B. Prince

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English

Wiley
05 January 2024

Economics & Business; Public finance; Personal finance

Tackle your taxes with ease – and get the most from your next return!

Do you want to be sure you're getting the maximum tax refund? Of course you do! Luckily, Tax for Australians For Dummies makes it easy to ensure you get every cent you deserve. Written by respected tax specialist and CPA fellow Jimmy B. Prince, this fun and friendly guide walks you step-by-step through the complex Australian tax system. It explains in plain English what you can claim — and exactly what you're owed.

Tax for Australians For Dummies has you covered from every angle: from family tax benefits to electric cars, superannuation tax thresholds to working-from-home deductions, personal investments to business concessions, and much more. Full of top tips and quick facts, this new and revised 9th edition will ensure you’re up to date with the latest tax changes. Whether you prepare your tax return online or go to an accountant, you’ll find something inside that will take your return from “What?” to “Wow!” in no time.

Includes up-to-date tax rates and superannuation thresholds Explains Fringe Benefits Tax and Capital Gains Tax Covers tax and financial hardship and relief measures

If you’re an employee, investor, small-business owner, retiree or even a student, Tax for Australians For Dummies is the no-nonsense, easy-to-follow guide that answers all of your tax questions.

By: Jimmy B. Prince
Imprint: Wiley
Country of Publication: Australia
Dimensions: Height: 22mm, Width: 14mm, Spine: 2mm
Weight: 425g
ISBN: 9781394237418
ISBN 10: 1394237413
Pages: 336
Publication Date: 05 January 2024
Audience: General/trade , ELT Advanced
Format: Paperback
Publisher's Status: Active

Introduction 1 Part 1: How You’re Taxed in Australia 5 Chapter 1: Understanding the Australian Tax System 7 Chapter 2: Taxing Australians: The Formula You Need to Know 15 Chapter 3: Lodging Your Tax Return: This One Is for the Nation 31 Chapter 4: Receiving a Visit: When the Tax Office Comes Knocking 43 Part 2: Income from Personal Exertion 51 Chapter 5: Taxing Employees: Working Class Folk 53 Chapter 6: Living in Your Castle: Main Residence 71 Chapter 7: Taxing Issues Affecting Students and Your Children 79 Part 3: Tax-Effective Investments 89 Chapter 8: Interesting Stuff: Bank Deposits and Tax 91 Chapter 9: Owning Part of the Company: Investing in Shares 97 Chapter 10: Building Your Dreams: Investing in Bricks and Mortar 111 Chapter 11: Catching Up on Capital Gains Tax 129 Part 4: Running a Business 145 Chapter 12: Structuring Your Business for Maximum Gain 147 Chapter 13: Starting a Business: On Your Mark! Get Set! Go! 163 Chapter 14: Reducing Your Small Business Tax Bill 179 Chapter 15: Collecting Tax for the Government: Goods and Services Tax 193 Chapter 16: Living on the Fringe: Fringe Benefits Tax 203 Chapter 17: Getting Wealthy: CGT and Small Business 215 Part 5: Thinking Long Term 223 Chapter 18: Preparing for Retirement Using Superannuation 225 Chapter 19: Reaping What You Sow: Receiving a Pension and Government Concessions 247 Chapter 20: Death and Taxes: Wills and Asset Distribution 259 Part 6: The Part of Tens 269 Chapter 21: Ten Ways to Minimise Your Tax while Keeping the Tax Office Happy 271 Chapter 22: Ten Common Tax Mistakes to Avoid 279 Appendix A: Taxing the Visitors: Non-Residents 289 Appendix B: Leading Tax Cases and Tax Office Publications: Study Guide 295 Glossary 307 Index 313