EOFY for property investors
As the end of financial year fast approaches, here are three main factors to keep in mind. By being prepared, particularly with your admin, having an awareness of what you…
Your 2022-23 tax guide for investments
The ATO’s investments hit list for this financial year, and four tips to get prepared for lodging you income tax return. Around this time each year, the Australian Tax Office…
Is your SMSF ready for the new financial year?
Now is the time to finalise your end of financial year planning and ensure your SMSF is prepared to enter the new financial year. To help you stay ahead, we…
ATO extends Division 7A relief
The ATO made an extension relief for affected taxpayers and related SMSFs who are unable to meet the minimum yearly repayments on Division 7A loans due to COVID-19.
Tax time: calculating investment income and deductions
Here's a check list of what you will need to include in your 2020-21 income tax return.
How to make the most of this year’s tax return
With tax time nearly upon us, you might be interested in the following deduction tips, which may help increase the amount of money you get back. Lots of things can…
What is capital gains tax and when might I have to pay it?
Capital gains tax may be payable when you sell a certain asset (such as shares, land or property) and make a profit. Capital gains tax is charged on the profit…
ATO puts tax cop hat on: What you can and can’t claim this tax time
The ATO is re-establishing itself as tax cop, with the office said to clamp down on overinflated work-related expenses this tax time. In 2020, around 8.5 million Aussies claimed nearly…
Your super checklist for EOFY
The lead up to 30 June can be a good time to maximise tax benefits that may be available to you inside super. If you’re keen on taking advantage of…
