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Claiming interest expenses for rental properties

Interest is a common deduction claimed by taxpayers. Generally, interest is seen as being inherently deductible where it is incurred in gaining or producing assessable income. An established factor from court cases is that the deductibility…

New RBA report reveals how important JobKeeper has been during the coronavirus recession

JobKeeper has been described as a “country-saving moment”, with a new report revealing just what role the wage subsidy played during the pandemic. Job losses would have doubled during the coronavirus pandemic if the federal…

The balancing act of blended family finances

When Jack and Sarah met through mutual friends, they hit it off immediately. Both had previously been married and, besides having a child each, found they had quite a lot in common. Dinner dates quickly morphed into family-style outings with…

Super Success for Women

While women earn less and spend less time in the workforce than men, sharply eroding their super contributions throughout their working lives, there are some simple steps women can take to boost their retirement savings.   Sadly, this is something…

A millennial’s primer to all things superannuation

It’s never too early to start thinking about your Super – here are the basics of Australian superannuation. Over the past decade, Australian millennials like yourself have been getting involved with superannuation. From…

How to Set Financial Goals

Do you feel like no matter what you try, you’re not making a dent in your debt? Or after years of working your butt off, you don’t have very much to show for it? Maybe your budget never works out the way you hope. Here’s the thing: If…

New Year resolutions for small businesses

As New Year resolution time rolls around spare a thought for your business, because every business can benefit from a few resolutions of its own. Here are a few ideas that any business can build some New Year resolutions around. Make sure you…

21 Budgeting Hacks You’ll Wish You’d Known Sooner

If you're the type who always ends up with $5 in your account just before payday and has no idea how that happened, you may be in need of some budgeting assistance. Being a millennial can be financially complicated; our generation has high…

Both tax and SMSF audits on still on ATO’s radar, but some leniency given

While the ATO has lately been focusing on the rollout of stimulus measures, it has also flagged that audit work is not off the table completely. In late July, when the ATO fronted a parliamentary Senate Select Committee on COVID-19,…