If you're an Australian, your family home is often your largest asset. And the ability to sell back home tax-free is an important part of your overall financial strategy.

The really important thing that's happening now, is that if you're a foreign tax resident of Australia, the main residence exemption on the side of your house is being taken away.

If we're looking at fringe benefits tax, where we try and talk about it existing with other taxes is this concept of a reportable fringe benefit

Coming up to Christmas and a lot of people want to give their staff and their team a little reward as a thank you for doing a good job and if you give your staff a bonus as a cash bonus, they're going to pay tax on it, which is not such a great idea.

Basically, you're in business and someone pays you, they go into liquidation and the liquid they want you to pay your money back. Not a good position to be in, but there's a couple of ways that you can defend yourself against a preference claim.

One of the biggest concepts in tax law is that you've got to have receipts to prove your expenses that you incur. When you're traveling, that's really hard because you're getting out of the taxi, you need a receipt, you're buying some food at the bar, some chips for dinner.