Tax For Australians For Dummies: Edition 2

Jimmy B. Prince

Jan 2011 · John Wiley & Sons

About this ebook

Created especially for the Australian customer!

Take on tax issues with confidence — and minimise your tax bill

Paying tax doesn't have to be a nightmare. In Tax For Australians For Dummies, 2nd Edition, Jimmy B. Prince steers you through the labyrinth of everyday tax issues. Whether you're an employee, investor, business owner, retiree or student, this easy-to-follow guide answers your tax questions. Bonus materials are available offline at www.dummies.com.

• Build your tax knowledge—lodge a tax return or deal with an audit with confidence
• Investigate tax-effective investment—take advantage of investing in shares and property
• Reduce your tax bill as a small business owner—understand the rules and claim, claim, claim
• Understand your income tax rates—deal with federal, state and local government taxes
• Find expert guidance—come to terms with key tax principles and tap into the cases behind Australian tax law
• Choose the right business structure—reduce your business tax bill the right way
• Prepare for retirement—plan for tax-free twilight years
• Tap into government concessions—understand all the options

Open the book and find:

• Strategies to reduce the tax paid on share dividends
• How you're taxed if you receive a termination or redundancy payment
• Case studies—with practical, step-by-step examples
• How your child's income, investments and trust distribution are taxed
• Exactly what you need to know about GST
• How to calculate capital gains tax on sale of investments
• Which tax concession you can claim for your business type

Learn to:

• Lodge your tax returns and maximise your refund
• Minimise your small business tax bill
• Make the most of tax-free investing
• Use the tax system to increase your super

About the author

Jimmy B. Prince is a fellow of CPA Australia, a tax specialist and author of several investment books. He teaches tax courses and is s former lecturer and tutor in income tax law at La Trobe University. During his career, Jimmy has worked for the Australian Taxation Office.