If wealthy individuals can minimise their tax burden and still operate within Australian tax laws, there is potential for the everyday wage earner to do the same. Minimise Your Tax provides the information you need to meet your compliance obligations while operating in a smart way to minimise your tax obligations.

This book is relevant for individual taxpayers, and taxpayers who are in business, whether as a sole trader, partnership, trust, company or a combination of these.

Each chapter clearly presents the details you require for a particular area of taxation then goes on to provide practical advice in the form of concise tips, comprehensive checklists of deductions and suggestions on how to use them to your best advantage.

TABLE OF CONTENTS

• Introducing the basics
• What is assessable income?
• What deductions can you claim?
• What are tax offsets?
• Carrying on a business
• What business structure should you choose?
• Tax concessions for special taxpayers
• Taxation of superannuation
• Self-assessment
• Other federal taxes
• Putting it all together