tax

With June 30 rapidly approaching, retirees need to closely review the past year – especially from a tax perspective – and begin their planning for the coming year.

The ATO’s review of income tax returns show nine in 10 rental property owners are getting their return wrong. Property expense claims, as well as SMSF returns and crypto transactions, are all on the radar this year.

Australia’s dividend imputation system is designed to stop the double taxation of company profits. While investing in companies that pay fully franked dividends can be tax effective, tax should never be the primary determinant of a decision to buy shares.

As you would have expected, growth and technology-based stocks were the big winners this year posting spectacular gains during some volatile times. But a lot has changed since the start of the year. Disruption caused by the COVID-19 lockdowns and the heavy stimulus required to keep the economy afloat has sent inflation fears ripping through…

Aussie fund manager gives Budget an ‘F’ for FAIL The head of the Australian wealth and superannuation manager Nucleus Wealth, Damien Klassen, has drawn a pointed analysis of the Morrison/Frydenberg budget strategy. “The budget misses the mark bigtime, by focusing on the supply side of the economic equation when in fact the biggest issue by…

The Federal Government delivered it’s delayed but much needed annual Budget last week. The conclusion: massive deficits, tax cuts and a boon for businesses large and small. Whilst positive, there was little in the way of support for the businesses most impacted by forced Government shutdowns, being tourism, travel and education, with the Budget effectively…

The government’s retirement income review is being told our current tax and benefit treatment of retirement incomes is a mess.