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 can claim and considering any capital losses or gains, you will be well positioned to...
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 (ATO) advises taxpayers what’s in its sights as it begins to prepare for the upcoming tax...
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 have created a checklist of important considerations to address before 30 June 2023. Have you paid...
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.
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Here's a check list of what you will need to include in your 2020-21 income tax return.
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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 affect your tax return, including sources of income from work, investments and any government assistance you...
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 you make from the sale of certain assets. These could be assets that you’ve purchased or...
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 $19.4 billion in work-related expenses, with some clear trends emerging as a result of COVID-19 lockdowns...
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 potential tax benefits available inside super, or are looking at ways to rebuild your retirement savings...
Essential bills, savings accounts, Christmas gifts and exchange-traded funds appear to be the big winners from the latest round of tax cuts, new research has revealed. During the 2020 budget, it was announced that up to 11 million Australians will benefit from tax cuts, with more than...
He is also an accomplished presenter and educator
Co-authoring the popular investment book, Property vs Shares. 
