Have you been breaking your back earning money and not getting your fair share because you are being paying too much child and spousal support? Is your Ex getting regular pay rises and enjoying life unemployed? Do you know there are around 70 male suicides in Australia related to child custody each year? Do you know the mother will automatically get child custody in most cases? Did you also know that there is only around 1 suicide related female death in Australia every 4 years? Since feminists took over our legal system in the 80s and 90s, father-rights have radically diminished. Obviously, you will need good tax accountants and lawyers. It is better to invest that money in your future instead of handing it over to someone who does not deserve it. Here are some concrete ways to reduce your child and spousal support payments. This article does not suggest these methods are morally or legally correct. What it does do is highlight some options.
- Increase Your Business Expenses. Increasing your business expenses to improve your lifestyle is a very good option. Great accountants and lawyers can show you how to set yourself up to have more than one company if necessary. Earning your living as a Sole Trader, or as a business owner, is the only real option for many of us today. Take advantage of the taxation system as it exists by claiming many of your personal purchases as necessary equipment to build your business. Get a new huge flat screen TV and claim it as an office capital expense. Make sure you have maximum insurance and superannuation savings as possible under law. It is better you get the TV and health cover, instead of your Ex.
- Earn Off the Books. Earning money in cash and off your books is considered tax evasion. At the same time, it is very hard to be caught. A few trips to a casino near you will give you an alibi for your money.
- Save Money With Relatives. Extra money you earn needs to be saved somewhere. Keeping it in your own bank account may call attention to you. Saving with relatives you can trust is always your best option. An easy way to have access to the money is to hold the debit/cash card. If you want to take extra precautions, make sure you wear a hat when you go to the ATM. Cover your face from those annoying cameras when you deposit and withdraw. Good accountants can always help you to manage your money legally. There may be a legal structure for you to do this.
- Contract Relatives. Setting up a small business in the name of one of your relatives, is a way to make bogus consulting payments, which are actually to yourself. Use elderly relatives who don’t have income or tax issues. Keep the amounts under the tax-free threshold per relative. Look for all the legal and financial loop holes you can.
- Hire A Private Investigator. We all get fooled into believing a situation is normal. You might be surprised when you find out your Ex is a Chrystal-meth addict or in a new relationship with another partner. Never assume what you don’t know. You want to make sure the money you are providing is going towards the health of your child. This small investment is often not made by most until they actually come across a problem. That could be too late. You could have a situation under your nose for many years without even knowing.
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