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We're 25 days into 2008 and we've achieved our 2008 goals already and pretty chuffed about it :D Our focus has always been to make more money not try and save (although a bit of savings aint a bad thing) but as someone mentioned in an earlier post, i'd be silly for paying more tax than what i...

Yes i'm referring to self employed not PAYG. Rixter, Would you be able to expand on how you 'soak up the revenue so to speak? Our accountant is good but doesn't seem to be offering us any (legal) strategies to help us minismise the tax we pay. We haven't done our tax return yet but 06/07...

Some of our friends pay literally nothing in tax due to the way they distribute losses etc...and they're what i would call high income earners (i.e. above $200K/year) just wondering what other methods people use (or their accountants) to minimise the tax they pay (legally of course) besides...