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New (financial) year, new you!

New (financial) year, new you!

As you gather your records this tax time, think about what has or hasn’t worked well over the year. Make a new (financial) year resolution for your record keeping practices that’s easy to stick to! Here’s to a prosperous new (financial) year, new...
Weirdest tax deductions revealed

Weirdest tax deductions revealed

Would you claim the Lego you bought for your kids throughout the year as a tax deduction? One taxpayer did and it made the Australian Taxation Office’s 2018-19 list of most unusual claims. They’re bad for the economy, for the accounting industry and for our...
Rental property owners: Top 10 tips to avoid mistakes

Rental property owners: Top 10 tips to avoid mistakes

The ATO is reminding rental property owners that each year it sees some fairly common mistakes being made with tax claims, and the outcomes that result, in regard to investment properties. It has therefore released a list of the top 10 stumbles, and how best to avoid...
Retirement in Australia – how much super do we need?

Retirement in Australia – how much super do we need?

What’s a comfortable retirement income in Australia, and how much super do Australians need to achieve it? It depends on who you ask. As we approach retirement, many Australians start questioning whether their superannuation balance is adequate. Perhaps we need...