Blogs by Rhodes Docherty

Investing Lessons From the Pandemic

Posted on 11 August 2021
Investing Lessons From the Pandemic
When the coronavirus pandemic hit financial markets in March 2020, almost 40 per cent was wiped off the value of shares in less than a month.i Understandably, many investors hit the panic button and switched to cash or withdrew savings from superannuation. With the benefit of hindsight, some people may be regretting acting in haste. Although for others, accessing their super under the early release due to COVID measures was a difficult but necessary decision at the time. As it happened...
Posted in:investmentsinterest ratesBusinessCoronavirusRetirementCapital GainsShare marketsGlobal outlookRhodes DochertyFinancial advicePandemic  

New COVID Support from Federal and NSW Government

Posted on 14 July 2021
New COVID Support from Federal and NSW Government
New COVID Support from Federal and NSW Government On 13 July 2021, the Federal and NSW Governments announced extra support for NSW residents impacted by the latest Sydney lockdown.  Here is a summary of the support now on offer: Federal support - Covid-19 Disaster Payment a payment of up to $600 per week (up from the previous $500) for individuals impacted by Covid lockdowns. The full $600 payment is for workers who have lost more than 20 hours of work per week.  ...
Posted in:Debtcash flowEmployersBusinessWork from homeCoronavirusCOVID-19Rhodes DochertyTaxationPandemicEvictionLandlordTenantGovernment support  

Counting Down to 30 June

Posted on 16 June 2021
Counting Down to 30 June
Counting Down to 30 June It has been a year of change like no other and that extends to tax and superannuation. As the end of the financial year approaches, now is a good time to check some new and not so new ways to reduce tax and boost your savings. So gather up any paperwork you need to prepare your personal tax return. This may include bank and superannuation statements, records related to share or property investments, receipts for charitable donations and work-related expenses. Wi...
Posted in:Franking creditsinvestmentsATOSuperannuationEmploymentTax deductionWork from homePropertyNegative gearingCapital GainsShare marketsRhodes DochertyTaxationFinancial adviceFinancial YearEOFYHome office  

Federal Budget Update 2021-22 - Investing in Recovery

Posted on 12 May 2021
Federal Budget Update 2021-22 - Investing in Recovery
Investing in recovery In his third and possibly last Budget before the next federal election, Treasurer Josh Frydenberg is counting on a new wave of spending to ensure Australia's economic recovery maintains its momentum. As expected, the focus is on jobs and major new spending on support for aged care, women and first-home buyers with some superannuation sweeteners for good measure. With the emphasis on spending, balancing the Budget has been put on the back burner until employme...
Posted in:Federal Electioninvestmentsinterest ratesSuperannuationEmploymentJobSeekerEmployersBusinessCoronavirusCOVID-19RetirementRhodes DochertyTaxationBudget  

Bitcoin Buyers Beware the Tax Trap

Posted on 13 April 2021
Bitcoin Buyers Beware the Tax Trap
Bitcoin buyers beware the tax trap Cryptocurrencies like Bitcoin and Ethereum have generated a lot of interest over the past few years, particularly due to the spectacular rise and fall of their market value.  From being worth just $1 back in 2011, the value of one Bitcoin today might be as high as $70,000, but that is no guarantee of its value next week! While the big gains sound like great news for an investor, the flipside to consider is that the ATO will take a slice of that pr...
Posted in:investmentsSuperannuationBusinessCGTCapital GainsGlobal outlookRhodes DochertyTaxationFinancial adviceBitcoinCryptocurrency  
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