The most frequent query I receive from higher income earners relates to how to reduce their income tax. I’m pleased they ask, because the most common tax reduction method of the non-advised is one of the least appropriate. If you have surplus income here are the best three tax deductions I recommend you start with.
Three days before the end of last financial year I received a call from a journalist from the Australian Financial Review. He was writing an article for publication the next day about tips for managing your tax that financial year. With tongue firmly in my cheek I suggested my top tip was "to slap yourself … Continue reading Time for tax planning
A desire to reduce tax is one of the key drivers many people list when they initially contact me for financial advice. So today I will share with you my perspective on how you can save tax. First a word of caution Only tax accountants and tax lawyers are legally allowed to provide you with … Continue reading How to reduce your tax