NewsBite

EOFY

This Month

 zxcvz

6 ways to save an extra $14,000 every year

It’s time to get the calculator out: you may be able to save thousands by looking for a better deal on these six expenses.

If you earn $200,000 you can start to benefit from more complex tax management.

These 4 deductions could cut your tax by $121,400

These tax deductions could give someone earning $200,000 a refund cheque north of $44,000. And that’s before any charitable donations.

asdf

How the ATO knows if you’re cheating on your taxes

Thanks to its data matching work, big brother is watching, and in this case, big brother is the Australian Taxation Office.

Each year there are deceptively small changes to superannuation thresholds that can make a big difference to you if you pay attention.

The easy way to boost your super (and get a $44,400 tax break)

Topping up your super is a perennial end-of-financial-year activity. But there are a host of other things you should look at.

5 red flags the ATO is looking for in your tax return

Outrageous work-related and rental property claims are among the things the Tax Office will be on the hunt for at the end of this financial year.

Advertisement
asdf

Why this ratio is key to wealth building

Your savings-to-investment ratio can tell you a lot about your ability to achieve long-term goals. It’s among a handful of metrics experts recommend observing.

May

Domino’s shares have dived more than 20 per cent since February.

Tax-loss selling kicks off as dogs of the ASX come under pressure

Domino’s Pizza and several lithium plays, including Mineral Resources, are among the candidates said to be dumped by investors to help lower the tax bill.

July 2024

It’s a tough time to be an underperforming company and trying to reignite investor enthusiasm.

Small caps’ wild EOFY ride exposes market’s dirty little secret

Monday’s list of worst performers looked like Friday’s best performers turned upside down. It was laughable. 

June 2024

The ASX is on track to end the FY24 with a 6.4 per cent gain.

Inflation shock derails ASX 200 from best gain since 2021

A two-day sell-off after a hot consumer price report has left the bourse with a tepid return for the 2024 financial year.

Can I do anything to maximise my tax return this close to June 30?

Though the end of the financial year is just days away, there are still some last-minute ways small businesses can reduce their tax liabilities.

The $3.9 trillion super sector underpins the ASX.

How to feed super funds Australian shares while they’re hungry

It’s good to see someone think about the huge and growing pile of Australian superannuation money, and the need to give funds more ways to invest in public Australian equities.

Superannuation’s rise has changed Australia’s capital markets and capital account for good. It’s too late to put the genie back in the bottle.

Digital world wants, real world needs: Chook’s next 50 years

The battle for physical world assets shifts to those things that will underpin the digital world in the next 50 years. It will be a bigger battle, and Chanticleer will be there to cover it.

Eight ways to squeeze more into super – which ones are you using?

A couple employing just four of these methods could boost their retirement savings by almost $5 million.

Investors are undeterred by the prospect of another interest rate rise.

FOMO driving investors into property, especially in these suburbs

Experts reveal their top picks for suburbs that could deliver strong capital gains and rental returns for investors over the near to medium term.

Bring deductions forward and push income into the next financial year to take advantage of the stage three tax cuts.

Eight ways high earners can maximise their tax returns

The key message this tax time is to bring deductions forward and push income back.

Advertisement
Some people find that setting open-ended, curiosity-based goals is more effective.

Knowing the four personality types is key to better habits

Is your 2024 not going quite to plan? Here’s how to establish healthier habits in FY25.

Borrowers should do a mortgage health check at least once every 12 months.

How stage three tax cuts can save you $322,000 on your mortgage

Directing tax savings to a mortgage can pay off handsomely over the long term.

Some of the stocks backed by investors include ResMed, ASX Ltd, Nvidia and Cleanaway Waste Management.

Nine stocks to buy and hold forever

Forget crypto because nothing beats buying and holding a terrific business for the long term to create generational wealth, say fund managers.

June’s a tough month for poorly performed stocks. This June’s expected to be no different.

Dogs of the ASX in for a hard time

In case a softening economy, Nvidia rally and consumer pain didn’t make it hard enough to make money, attention has turned to tax loss selling. There are plenty of candidates this year.

Top up your concessional contributions to the $27,500 cap before June 30.

Five things for SMSFs to do before June 30

Think of it as the world’s most boring, but incredibly profitable, game with the Tax Office.

Original URL: https://www.afr.com/topic/end-of-financial-year-1n2f