July
Majority of requests to waive tax penalties are approved: ATO
The revelation follows claims by a tax lawyer that the waivers are now mainly granted only in cases that involve natural disaster or serious illness.
July
Two retail super funds outperformed many larger industry rivals
Booming equity markets have boosted two of the biggest retail superannuation funds to return rates nearing 13 per cent over the past financial year.
June
The ASX’s bumper year makes for bullish investors (despite the chaos)
The local sharemarket has closed 10 per cent higher for the year, its best performance since the pandemic rebound in 2021. Fund managers are hoping for more.
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.
Super’s next challenge: making 10pc a year when equities aren’t racing
Get ready for an onslaught of super results. Cbus’ indicative FY25 returns give us a good benchmark for the industry.
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.
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.
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.
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
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
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
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.
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.
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.
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.
Eight ways high earners can maximise their tax returns
The key message this tax time is to bring deductions forward and push income back.
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.