As tax time approaches, it’s essential for investors—whether in shares, property, managed funds, or crypto—to get their financial affairs in order. The Australian Taxation Office (ATO) has sharpened its focus on investment-related income and deductions, so careful planning and record-keeping…
The global economy is expected to slow marginally this year, according to the latest forecasts provided by the International Monetary Fund (IMF). Global growth is forecast to be 2.8% this year and 3.0% in 2026, which is below the IMF’s previous…
The Australian Labor Party (ALP) presented a comprehensive suite of policies during the 2025 federal election, aiming to address key economic, social, and environmental challenges. Certified Practising Accountant Australia (CPA Australia) has provided an analysis of these proposals, highlighting their…
Navigating the path to retirement can be particularly nuanced for women over 50, especially when considering career transitions or reduced working hours. With thoughtful planning and informed strategies, it's possible to achieve financial security while crafting a fulfilling post-work life.…
The 2025-26 Australian Federal Budget was handed down by Federal Treasurer Dr Jim Chalmers on Tuesday 25 March 2025 from Parliament House in Canberra. Below are some of the Key Takeaways from the 2025-26 Federal Budget. Tax Concessions Modest Income…
This year marks a momentous occasion for Roy A McDonald Pty Ltd Accountants & Fiducian Financial Services Doncaster as the business celebrates 60 years of dedicated service to the local community and beyond. Since its founding in 1965, the company…
If you have an Industry Super Fund, chances are you’ve been trusting your money with a fund that promises low fees and reliable returns. Industry Super Funds have been the go-to choice for many Australians, largely due to their strong…
Cost of living pressures have increased, and Australians can’t be blamed for entering the new year with a little apprehension. While inflation appears to be ticking down and the pace of interest rate hikes has slowed, there’s still a lot…
As a business owner, you can claim a tax deduction for expenses for motor vehicles used in running your business. Types of Vehicles and Claimable Expenses for Tax Purposes Definition of Cars for Income Tax Purposes: Cars: Motor vehicles (including…
1. What is the fixed rate for Tax Time 2024? The fixed rate for the 2023–24 income year is 67 cents per hour worked from home. This rate can change annually, so it's crucial to check the latest information on…