EOFY

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 […]

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 […]

Welcome to our June newsletter, as the winter sets in and the end of the financial year approaches, it’s a good chance to spend some time tidying up and reviewing your finances. Concerns that the Reserve Bank may lift interest rates this month, along with the drama over the US […]

Great news – age pension asset test limits to increase from July 1 For those clients that are currently not eligible for the age pension please read on. You may be entitled from July 1. There has been an increase in the asset test limit for a full-age pension as […]

Budget incentives and crackdowns on unpaid tax debts and rental deductions Although this year’s Federal Budget was short on big changes when it came to tax, there still have still been some important developments in this area. Here are some of the latest developments in the world of tax. Small […]

If you have an SMSF, it’s essential to get your fund is in good shape and ready for June 30 and the annual audit. It’s particularly important this year, because the ATO is focused on fixing a number of issues when it comes to SMSFs. These include high rates of non-lodgment and […]

The start of a new financial year is the perfect time to get your financial affairs in order. Whether it’s tidying up your paperwork, assessing your portfolio or dealing with outstanding issues, there are plenty of practical actions you can take to set yourself up for the year ahead. Here […]

As the days get shorter and temperatures begin to fall, Federal Treasurer Jim Chalmers delivers his second Budget – Tuesday 9 May. All eyes were on the Reserve Bank board as it met prior to the Federal Budget to decide whether or not to increase the cash rate. The board […]

In this issue: How do interest rates affect your investments? Think you’ll never fall for a scam? Thank again! How to get super ready for EOFY Welcome to our April newsletter, where the days are getting shorter and there is a bit of a nip in the air. Share markets […]

Superannuation has dominated recent headlines, with proposed changes announced by Treasurer Jim Chalmers. While the details of these changes still need to be released, it’s worthwhile turning our focus to superannuation balances as we approach the end of financial year. There are lots of different ways to top up your […]