What's on the ATO hit list this financial year

What’s on this year’s ATO hit list?

- May 20, 2022 2 MIN READ

You know it’s tax time when the Australian Tax Office releases its annual ATO hit list of the areas they are targeting for special attention. This year the ATO hit list is focused on: record-keeping; work-related expenses;  rental property income and deductions; and capital gains from crypto assets, property, and shares. “The ATO is targeting… Read more »

ATO tax scam warning

Warning from the ATO about a rampant tax scam

- April 29, 2022 2 MIN READ

There’s a new tax scam to be vigilant about and it’s a super easy one to fall for. The Australian Taxation Office (ATO) is urging taxpayers to be vigilant following an increase in reports of fake websites offering to provide tax file numbers (TFN) and Australian business numbers (ABN) for a fee, but failing to… Read more »

Australia's Federal Budget 2022

What economists want from tomorrow’s Federal Budget 2022

- March 28, 2022 4 MIN READ

Overwhelmingly, Australia’s top economists would rather the Federal Budget 2022 funds measures to cut carbon emissions than cuts to income tax or company tax. They are also dead against rumoured cuts to petrol tax and the tax on beer. The Conversation’s pre-budget survey of a panel of 46 leading economists selected by the Economic Society… Read more »

Stealth tax rises in Australia

Stealth tax rises are eating into your income

- March 8, 2022 3 MIN READ

Stealth tax rises mean that when the government announces a tax cut, you’ll probably pay the same or more tax anyway. A curious feature of the Australian tax system is “bracket creep”. Taxpayers whose income climbs by no more than prices (inflation) get no increase in their living standards. Instead, they see more and more… Read more »

What is a family trust
Your Life

The principles and benefits of a family trust

- March 3, 2022 3 MIN READ

A family trust can serve a wide range of purposes and be extremely useful vehicles for tax planning, financial planning and investment. The Australia Institute examined ATO data and found that there are more than 800,000 trusts in Australia, with assets totalling more than $3 trillion. One of the reasons for the popularity is that… Read more »

Understanding tax depreciation deductions
Your Money

Property investing: Understanding tax depreciation deductions

- February 28, 2022 2 MIN READ

Many landlords don’t realise the full advantage of the tax depreciation deductions available on their investment. With tax time fast approaching, I reckon depreciation is one of the least understood financial advantages for property investors. Many landlords are surprised to learn that they can claim depreciation as a tax deduction over the lifetime of their… Read more »

Landlord tax benefits
Your Money

4 tax benefits you can unlock as a landlord

- December 14, 2021 3 MIN READ

There are some really attractive tax benefits attached to being a landlord. It’s basically about turning negatives into positives… Being a landlord has its perks. Whether it be earning a passive income, the gains that come with property appreciation or the safety net of a residence to fall back on if times get tough, it’s… Read more »

Do these life admin tasks for peace of mind
Your Life

These 7 life admin tasks will bring you peace of mind

- November 25, 2021 4 MIN READ

Have you been thinking about sorting your life admin but don’t know where to start?  You know, all those things you never get around to, but can make your life function so much smoother and less stressful? Like organising your tax, sorting important documents, understanding superannuation and the list goes on… Here’s what you can… Read more »