The key areas that the Australian Taxation Office (ATO) will be focusing on when you complete your 2021-2022 Tax Return are: Recordkeeping Work-related expenses Rental property income and deductions; and Capital gains from crypto-assets, property, and shares When determining what…
The end of the financial year for a small business is an important time. There are many things to complete such as bookkeeping, tax returns and planning for the new financial year. Learn how to prepare for the EOFY to…
From 1st July 2022, two important Super Guarantee (SG) changes will apply: the rate of SG is increasing from 10% to 10.5% the $450 per month eligibility threshold for when SG is paid will be removed. What does this means…
Repairs and Maintenance The cost of repairs and maintenance may be included in full in your tax return in the year you incur them if both: the expense directly relates to wear and tear or other damage that has occurred…
If you have not lodged your 2021 Individual Tax Return by 30 June 2022, Services Australia may stop your access to your allocated Child Care Subsidy (CCS). This will mean that you will have to pay the full cost of…
Have you been thinking about retiring or reducing your hours worked that you are currently working. Starting your journey to financial freedom for retirement is never easy but you’re not alone. Fiduciian Financial Services are always here to help guide…
It is well known that investing in shares or equities can help build your wealth over time. However, sometimes it can seem quite daunting, especially for new investors. Like any investment, there is risk involved. So be clear about your…
Why Financial Planning just for Women? Women don’t share the same kind of financial experience that men do. So why should they receive the same financial advice? Women also have lifestyle and financial goals to achieve such as wanting to…
The term cryptocurrency is generally used to describe a digital asset in which encryption techniques are used to regulate the generation of additional units and verify transactions on a blockchain. Cryptocurrency generally operates independently of a central bank, central authority…
To prepare an accurate tax return you need to keep records that support the claims and declarations you make. As a rule, it is better to keep too many records rather than not enough records. The Australian tax system relies…