12Aug

Deductions & work-related home office expenses

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When it comes to lodging your individual tax return, it’s important to note the distinction between taxable income and assessable income. In broad terms, taxable income = assessable income – allowable deductions. According to recent ATO data*, for the 2017-18 FY, 14.29M+ individuals claimed on average $2,576 in deductions, such as donations, work-related expenses, cost […]

12Aug

Super engaged & well-informed: Annual statements

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For many of us, our super will play a vital part in our financial lifecycle journey—helping us with our move (over time) from financial dependence to independence, in terms of wealth accumulation and income-generation. Although, the extent our super is optimally leveraged, and the beneficial result of doing so, can often be affected by our […]

12Aug

2020 ‘mini-budget’: An economic & fiscal update

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On 23 July 2020, a ‘mini-budget’ was delivered by Treasurer Josh Frydenberg—an economic and fiscal update, detailing the impact of the COVID-19 pandemic and the support provided to individuals, households and businesses. Please note: Due to the COVID-19 pandemic, the 2020-21 Federal Budget will be delivered on 6 October 2020. Below, we provide a summary […]