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The Australian Taxation Office has provided a heads-up about the areas it will be focussing on when reviewing tax returns this year. The ATO says there are three common errors made by taxpayers: Incorrectly claiming work-related expenses Inflating claims for rental properties Failing to include all income ATO Assistant Commissioner […]

By Tony Kaye, Senior Personal Finance Writer What the ATO is focusing on, and how to prepare for tax time. The Australian Tax Office (ATO) has flagged its key areas of focus for the 2023-24 tax year. The tax regulator will be using its increasingly sophisticated data-matching capabilities to ensure […]

Written by Tony Kaye, Senior Personal Finance Writer Rather than worrying about day-to-day price movements, focus here instead.  If you checked on the status of your investment portfolio today, don’t worry. You’re definitely not alone. In fact, you may have looked at how your various investment holdings are faring multiple […]

The lead up to 30 June can be a good time to maximise tax benefits that may be available to you inside super. With June 30 fast approaching, it’s time to start thinking about your super for another year. MLC have put together five smart strategies that may benefit you […]

Stay up to date with what’s happened in markets and the Australian economy over the past month. The run of stronger-than-expected domestic inflation figures continued in May. The higher-than-expected inflation figures saw Australian shares tumble after reaching a welcome high mid-month. The ASX200 finished the month on a positive note, […]

By Tony Kaye, Senior Personal Finance Writer Why the decision to keep deeming rates on hold may be a window for interest rates. In delivering the second reading of the Appropriation Bill (No. 1) 2024–25 last week, otherwise known as the latest federal budget, the Treasurer announced that the current […]

By Tony Kaye, Senior Personal Finance Writer Deciding on your retirement funding options comes down to personal choice. If you’re close to retirement, chances are you’ve already spent time thinking about how to tap into your superannuation when you retire. Broadly speaking, you have a few options when you retire, […]

We are thrilled to advise that the Centaur Financial Services team were announced as finalists for the inaugural Australian Wealth Management Awards 2024. One of the most highly anticipated programs of the year – The Australian Wealth Management Awards, is an awards programme bringing together the top businesses and professionals […]

The much-debated tax on superannuation balances over $3 million is inching closer and those who may be affected should ensure they have considered the implications. Although it is not yet law, the Division 296 tax should be taken into account when it comes to investment strategy and planning, particularly in […]

As February kicks off and with the summer holidays behind us, many of us are settling back into our regular routines and it’s time to turn our focus to the year ahead. Cooling inflation and a strong economy with relatively low unemployment has sent investors back to Australian shares, with […]