Accounting

TIP OF THE WEEK

Watch for tax traps in staff share plans

Catherine Robson Share schemes can make you feel like you belong – but watch out for pitfalls.

ASK NOEL

How can I help pay for grandson's school?

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Noel Whittaker I want to help my son out while minimising any costs or tax implications for all parties.

ASK NOEL

Can I use my super savings to help my mother retire?

Mucci illo for Noel

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Noel Whittaker I want my mum to be able to stop having to work, but do not have the resources to buy a house with her.

TIP OF THE WEEK

Don't let the tax tail wag the investment dog

Barking up the wrong tree?: Most of us are guilty of letting tax efficiency override our investment judgement from time to time.

Catherine Robson Tax can have a disproportionate influence on investment decision-making.

Government should encourage savings and productive investment

Nothing in it: Reserve Bank governor Glenn Stevens recently spoke at the Melbourne Economic forum.

Daryl Dixon Our senior bureaucrats should develop policy options that encourage savings and productive investment.

ASK NOEL

How can I get my home dream to fly?

Dreams of a home

Noel Whittaker I'm 23 and want to own my own home. What's my best long-term strategy?

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What can I claim when I rent out old home?

Illustration: Michael Mucci

Noel Whittaker I plan to rent my home out, how can I keep my tax liabilities low?

ASK NOEL

How can we cut tax bill on our children's shares?

The inheritance: Dividing the pie.

Noel Whittaker We've been slugged pretty hard for investments intended to help with our children's education. What can we do now?

GETTING STARTED

Tax nightmare as bracket creep becomes bogeyman

Federal treasurer Joe Hockey during a meeting with treasury secretary Martin Parkinson (right) in Canberra Thursday, May 8, 2014. Mr Hockey will hand down his first budget next Tuesday. (AAP Image/Alan Porritt) NO ARCHIVING

David Potts The less the government does the more it'll rake in from personal income tax.

ASK NOEL

Can we pull off our granny flat plans?

Serious note: The granny flat will start out life as a separate dwelling from your home.

Noel Whittaker We want to take out a loan to build a granny flat in our backyard - what tax deductions are available?

YOUR QUESTIONS

Let off on property's capital gains tax

Home owner: Not every home owner will get hit for capital gains tax when they sell.

George Cochrane When it comes to capital gains tax on property, a house bought before September 20, 1985, is exempt.

ASK NOEL

We're separated, should investment property go?

Noel Whittaker Sometimes with more than one property it's hard to see which is best to rent out and which is best to live in.

SHORT CHANGE

Small-business creditors set up name, shame and bill site

Pursuing debtors with a flurry of invoices and statements may be a thing of the past.

David Potts Small businesses are turning to a website to collect money they’re owed.

ASK NOEL

Be older and wiser with your super

Mucci illo for Money


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Noel Whittaker When a member of a superannuation fund dies, the trustee of the super fund has the responsibility of deciding who the money will be paid to, so it's best to get it right.

ASK NOEL

Is our borrowing to invest plan a wise one?

 

Noel Whittaker Should a couple put money into managed funds and use the income to pay down their mortgage?

YOUR QUESTIONS

What's the best investment strategy for mother's inheritance?

Do your research: Some ethical investment funds have done very well, but your elderly mother may not likely the volatility, so you might look around for ethical balanced funds, preferably with a large, safe institution.

George Cochrane She wants a safe investment that can be liquidated quickly should she need money to go into a nursing home.

YOUR QUESTIONS

Will I face gift tax if I buy my son a car?

All wrapped up.

George Cochrane Is it possible to buy a new car as a once-only gift without incurring gift tax?

tax

Coalition under pressure to push forward laws requiring top companies to disclose tax bills

Nassim Khadem The Coalition has refused to push forward existing laws that require Australia’s biggest companies to publicly disclose their tax bills.

ASK NOEL

Where should we stash property sale cash?

Rollercoaster ride: There are peaks and troughs wherever you invest your cash.

Noel Whittaker Investment properties present lots of questions as well as opportunities.

ASK NOEL

Tax return doesn't cut the mustard

Michael Mucci

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Noel Whittaker My SMSF isn't complex - can I do my own tax return?