Posted in Capital Gains

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  

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  

Granny flats: tax tips and traps

Posted on 9 December 2020
Granny flats: tax tips and traps
Granny flats: Tax tips and traps The idea of adding a granny flat to your property sounds like a great idea. A property to rent out to generate some welcome extra income, or a home for adult children or mum and dad in their later years. But there are important tax and personal considerations to consider before taking the plunge and digging up the backyard. Although the Federal Budget proposed significant reform in this area (which we cover later in this article), important tax questio...
Posted in:investmentsPensionPropertySubdivideCGTNegative gearingRetirementCapital GainsRhodes DochertyTaxation  
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New COVID Support from Federal and NSW Government

Jul 14 2021
New COVID Support from Federal and NSW Government On 13 July 2021, the Federal and ...

Counting Down to 30 June

Jun 16 2021
Counting Down to 30 June It has been a year of change like no other and that extend...

Federal Budget Update 2021-22 - Investing in Recovery

May 12 2021
Investing in recovery In his third and possibly last Budget before the next federal...
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