A home for tax nerds.
Hi, I’m Ken. Being a stay at home Dad to two amazing boys and one awesome wife is wonderful, but it does keep me away from my fourth love – TAX. So here I write on what is happening in tax that exits me, and hopefully it will excite you as well…
Stop using tax policies to fix problems – like marriages…
I recently blogged about how stupid it is to give an FBT exemption for electric cars… but Ken, don’t you want to save the environment? Its not about saving the environment, its that every time Governments use the tax system to solve a problem it backfires as it just becomes a handout (like the electric […]
Labor will make electric cars exempt from FBT – start salary packaging your electric car… if you can afford one
Labor just announce a tax windfall for the rich that every wealth person would be foolish not to take up… those who can afford to buy an electric car (the cheapest electric car in Australia is $45,000 and most are over $60,000) will be able to salary package it and pay NO FBT AT ALL […]
Go get a left handed screwdriver and checked paint – Deductions for COVID tests
The Government just introduced a bill to allow deductions for certain expenses by individuals on COVID tests, and I feel sorry for the person who had to write it. Remember before this change, if an individual wants to claim a deduction for an expense they need to find a specific deduction provision or use the […]
Biden proposes “Billionaires tax’ that applies to people worth over $100 million… Americans and their maths!
At the same time that the Australian Government provided a Yawn Budget, the President of the US released his budget. His is much more interesting, especially as there is no way it will ever become law so he can pretty much say anything. Other than promising over $850 billion for defence (substantially more than all […]
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