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Tax Deductions for Education Expenses

Do you work and incur Self Education Expenses? Many college and university students do not realise that they can claim a tax deduction for their self education expenses These are the costs that you incur to undertake a work related course at a college or university or...

Planning Finances for Aged Care

Now or in the future you will need to consider aged care options for your parents As our parents age and become fragile we need to consider safety, home care and aged care services for them. From my experience, in most cases we are not able to provide this assistance...

Younger Investors, Market Correction and SMSFs

As the saying goes buy in gloom and sell in a boom. On that note more and more 30 – 40 year olds are considering managing their own superannuation with the view to buying a property or blue chip shares and holding onto those assets for the next 20 or 30 years....

Saving for Children’s Education

Did you know that over the past decade the cost of private school education has increased by 61%. This compares to wage growth of only 34% over the same period.1 The ASG Planning and Education Index has metropolitan New South Wales as the most expensive region for...

Self-Managed Super Fund Statistics

Do you have a SMSF? Did you know? the average asset balance of a SMSF, per member, is $652,000. the majority of contributions to a SMSF were by the member not the employer. Member contributions were 5 times more than employer contributions. 84% of SMSF members are...

Home Office Tax Deductions

Working from home: What can I claim? Everyone wants more tax deductions, particularly those tax deductions that do not incur an additional cost. That is, you will incur this cost regardless whether the expense is tax deductible or not. For example, you own a motor...

Christmas parties: FBT implications and tax deductions

Tax deductions and Christmas parties If you are the owner of a small business there is a high probability that you will be in the process of organising your work Christmas party. The purpose of this article is to highlight what is tax deductible, what’s not tax...

Stock Market News: Sell, Hold, or Buy Shares?

Shares – Buy, Sell or Hold Over the past twelve months the ASX 200 has declined from its high of 6373 to its current level of 5750 (at the time of writing) or 9.8%. The Dow Jones has declined over the past twelve months from its high of 26,951 to its current level of...

Find Your Lost Superannuation

Locate your lost super The Government hopes to reunite more people with their lost super by requiring super funds to transfer inactive accounts (where contributions have not been received for 13 months) with a balance below $6,000 to the Australian Taxation Office...
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