Taxation
How to stay on top of your tax even when markets move
It’s important to understand the tax implications of your investments especially when markets move up and down. Our five step end of financial year checklist will help keep you on top of your tax for 2024-25. As the 2024-25 financial year draws to a close, it’s important to understand the tax implications of your investments.…
Read More2022-23: Tax return checklist and tax tips
End of financial year 2022-23: Tax return checklist and tax tips To help you complete your tax return, including if you’ve been working from home, this checklist outlines income and expenses you need to disclose to the Australian Taxation Office (ATO) when lodging your return. We’ve also provided an overview of the types of tax…
Read More2022-23: EOFY Smart super strategies
Smart super strategies for this EOFY 2022/23 With June 30 fast approaching, it’s time to start thinking about your super for another year. We’ve put together five smart strategies that may benefit you now and help boost your super. 1. Add to your super and get a tax deduction This may be right if you……
Read MoreInvestment bonds
Investing in investment bonds Investment bonds are long-term investments that may offer tax efficiency to investors with a high marginal tax rate or those investing in children or grandchildren. Unlike traditional investment products, such as managed funds, bonds are a ‘tax paid’ investment. This means that tax on investment earnings is paid at the applicable…
Read MoreSalary sacrificing into super – how it works
Salary sacrificing into super – how it works Salary sacrificing into super is where you choose to have some of your before-tax income paid into your super account by your employer. This is on top of what your employer might pay you under the super guarantee, which is no less than 10% of your earnings,…
Read MoreAn overview of the main residence CGT exemption
Generally, a property, including a taxpayer’s main residence, ie their family home, is considered to be a Capital Gains Tax (CGT) asset. When CGT assets are sold, taxpayers may be liable to pay tax on all, or part, of the capital gain. However, tax law provides an exemption for a dwelling that is the…
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