by Financially Sorted | Aug 11, 2025 | SMSF, Superannuation
In this quarter’s superannuation update… Reminder: employers note that the super guarantee rate increased to 12% as of 1 July 2025. Insight: We take a look at some suggested figures for a ‘modest’ and a ‘comfortable’ retirement...
by Financially Sorted | Jul 28, 2025 | ATO, Small Business, Tax & Accounting, Tax Returns
For individuals such as property investors and small business owners the possibility of undergoing a tax audit from the Australian Taxation Office (ATO) is a legitimate concern. Audits require substantial time and effort and may also incur considerable expenses as the...
by Financially Sorted | Jul 28, 2025 | ATO, Tax Returns
No-one wants to risk an audit by the Australian Tax Office (ATO). Avoid these four common mistakes to stay off the ATO radar this tax season. 1. Work-related expenses The most common mistake individuals make in preparing their tax, is incorrectly claiming work related...
by Financially Sorted | Jul 28, 2025 | ATO, Tax Returns
With tax time, comes a rise in opportunistic ATO impersonation scams. The Australian Taxation Office (ATO) has issued a warning regarding a significant increase in scam activities during this period. While scams generally do tend to rise at this time of year, the ATO...
by Financially Sorted | Jun 30, 2025 | EOFY, Property Investment
As end of financial year approaches, Australian property investors must finalise their tax returns, encompassing individual and business obligations based on their structure. To maximise tax benefits, property investors should ensure all eligible deductions are...