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823b tax time: back pay, 20% HELP debt cut, WFH deductions + more
It's everyone's favourite time of year - tax time! In this episode Glen and Erin Davis, chartered accountant and money coach, dig into *everything* from lodging returns to claiming WFH expenses. They touch on:
๐๐พ back paid income
๐๐ฟ lodging late returns
๐๐ป key lodgement dates
๐ teenagers and their income
๐๐ผ side hustle income and deductions
๐๐ฝ salary sacrifice and HELP debt
๐๐พ the Division 293 super tax
๐๐ฟ claiming capital losses against future gains
๐๐ป selling CBA shares after 25 years
๐ how long to wait for proper tax-related reporting
๐๐ผ moving from sole trader to a trust
๐๐ฝ how business income affects your personal income
๐๐พ working from home deductions
Check out Erin's details here: https://www.erindavis.com.au/
Thanks to Skye Wealth for supporting our Thursday show! Connect with the team here
We hate email spam so we donโt create it! Sign up to our newsletter to get only the valuable money, careers and property info you need.
To get help, and to check out our online courses, books, resources and downloads (+ our disclaimers and warnings), click here.
Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs.
SYMO Interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.
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828 money in your 40's (time to wakeup!)
59:12||Season 8If you're in your 40s now is the time to get moving! In this episode Glen and John share their thoughts on the 40s decade and what you need to master, touching on:๐๐พ it's half time with your money: act now๐๐ฟ the keys to wealth creation๐๐ป how to have money conversations with your kids๐ tough money questions you need to ask yourselfCheck out all episodes in this money by age series: https://youtube.com/playlist?list=PLQW_VRWNC0jTfzNGxPpfuwdot5SE5GMlj&si=rHczkiFPbiZReCszCheck out the First Home Super Saver (FHSS) scheme video: https://youtu.be/rDFXb_AcuU0?si=Ww7xF6tQaef5DXL2Check out Sort Your Career Out & Make More Money: https://www.moneypodcast.com.au/resources#booksmoney money money is proudly supported by Sphere Home Loans and Skye Wealth.Need a mortgage broker? Check out https://www.spherehomeloans.com.auNeed to review your personal insurances? Head to https://skye.com.auWe hate email spam so we donโt create it! Sign up to our newsletter to get only the valuable money, careers and property info you need.To get help, and to check out our online courses, books, resources and downloads (+ our disclaimers and warnings), click here.Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs. SYMO Interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.tii: how to get comfortable with investing risk
11:48||Season 8Investing always involves some level of risk but how do you get comfortable with that? Glen James unpacks why education, diversification and experience are the keys to making peace with market ups and downs.Learn how to be a better investor with 'The Quick-Start Guide to Investing' book: https://amzn.to/4dE11aiHave a question or topic for the show? Post it in our Facebook group.To get help, and to check out our online courses, books, resources and downloads (+ our disclaimers and warnings), click here.Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs. SYMO Interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.827b update with an economist: Trump tariffs, interest rates, tax reform + housing crisis
56:39||Season 8We've hit a new financial year, so where are we at? In this episode Glen chats with Australian Retirement Trust economist, Brian Parker, about the state of the Australian and global economies. They touch on:๐๐ป any surprises he's seen๐ how Trump's trade tariffs are rolling out๐๐ผ interest rates and the RBA's focus๐๐ฝ the tax reform conversation๐๐พ his view on the Division 296 super taxCheck out Australian Retirement Trust here: https://www.australianretirementtrust.com.au/money money money is proudly supported by Sphere Home Loans and Skye Wealth.Need a mortgage broker? Check out https://www.spherehomeloans.com.auNeed to review your personal insurances? Head to https://skye.com.auWe hate email spam so we donโt create it! Sign up to our newsletter to get only the valuable money, careers and property info you need.To get help, and to check out our online courses, books, resources and downloads (+ our disclaimers and warnings), click here.Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs. SYMO Interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.827 money in your 30's
57:12||Season 8Your 30s are a critical decade for getting your money sorted! In this episode Glen, John Pidgeon and Rachelle Kroon share everything you need to know about money in your 30s, touching on:๐๐พ optimising your financial foundations๐๐ฟ upskilling or changing your career๐๐ป investing๐ the importance of estate planning๐๐ผ setting up your life insurances๐๐ฝ setting some really solid goals and going for itWatch the money in your 20s episode: https://youtu.be/C9GI7X3zCL8?si=OhBKLRI8y3BlOFP3Check out Sort Your Career Out & Make More Money: https://www.moneypodcast.com.au/resources#booksCheck out Sort Your Property Out & Build Your Future: https://www.moneypodcast.com.au/resources#booksmoney money money is proudly supported by Sphere Home Loans and Skye Wealth.Need a mortgage broker? Check out https://www.spherehomeloans.com.auNeed to review your personal insurances? Head to https://skye.com.auWe hate email spam so we donโt create it! Sign up to our newsletter to get only the valuable money, careers and property info you need.To get help, and to check out our online courses, books, resources and downloads (+ our disclaimers and warnings), click here.Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs. SYMO Interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.tii: how to get out of analysis paralysis and start investing
12:12||Season 8Feeling stuck on the sidelines because you're afraid to make the wrong investment move? Glen James shares some strategies for tackling analysis paralysis to help you get out of your own way and take action.Learn how to be a better investor with 'The Quick-Start Guide to Investing' book: https://amzn.to/4dE11aiHave a question or topic for the show? Post it in our Facebook group.To get help, and to check out our online courses, books, resources and downloads (+ our disclaimers and warnings), click here.Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs. SYMO Interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.826b life insurance deep dive: costs, cover levels, applying, medicals, using super & more
01:05:31||Season 8In this episode Glen James and Phil Thompson from Skye Wealth unpack your life insurance questions. They touch on:๐๐พ how much will life insurance roughly cost?๐๐ฟ are life insurances a scam?๐๐ป stepped vs level premiums๐ what's the deal with getting insurance policies after receiving a new health diagnosis?๐๐ผ what are the pros and cons of default insurance in super vs retail insurance?Reach out to Skye Wealth here: https://www.skye.com.au/Listen to the Retire Right episode about when to cancel life insurance: https://shows.acast.com/retire-right/episodes/324money money money is proudly supported by Sphere Home Loans and Skye Wealth.Need a mortgage broker? Check out https://www.spherehomeloans.com.auNeed to review your personal insurances? Head to https://skye.com.auWe hate email spam so we donโt create it! Sign up to our newsletter to get only the valuable money, careers and property info you need.To get help, and to check out our online courses, books, resources and downloads (+ our disclaimers and warnings), click here.Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs.SYMO Interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.826 money in your 20's (& tips for late teens)
53:04||Season 8We're bringing back a popular series - money in each decade! Today we kick off with money in your 20s and late teens. Glen, John and Rachelle share their top tips for managing money and building the life you want. They touch on:๐๐พ the key money foundations๐๐ฟ where your priorities should be๐๐ป how to have fun and plan for the future at the same time๐ habits or spending that have better impact๐๐ผ how to think about study and your career๐๐ฝ the importance of making a 'move out of home' planmoney money money is proudly supported by Sphere Home Loans and Skye Wealth.Need a mortgage broker? Check out https://www.spherehomeloans.com.auNeed to review your personal insurances? Head to https://skye.com.auWe hate email spam so we donโt create it! Sign up to our newsletter to get only the valuable money, careers and property info you need.To get help, and to check out our online courses, books, resources and downloads (+ our disclaimers and warnings), click here.Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs.SYMO Interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.landlord insurance explained: rent loss, pet damage, strata gaps, making a claim + more
35:56||Season 8Landlord insurance is one of those things investors often donโt think about until they need it. This episode unpacks what landlord insurance actually covers (and what it doesnโt), why strata and building insurance arenโt enough and the biggest mistakes landlords make when it comes to claims. Glen is joined by Carolyn Parrella from Terri Scheer Insurance to chat about:๐๐พ what landlord insurance covers vs strata and building insurance๐๐ฟ common assumptions that leave landlords exposed๐ the truth about wear and tear, poor living habits and pet damage๐๐ผ what happens if a tenant dies or abandons the property๐๐ฝ when to take out a policy to ensure you're covered๐๐พ how claims are assessed and what delays payouts๐๐ฟ the role of property managers in the claims process๐๐ป tips for checking if your current policy gives you the right protectionThis is a sponsored episode. Find out more at https://www.terrischeer.com.au/ and remember, before buying thisย insuranceย issued by Terri Scheer, read the PDS and TMD and consider whether it's right for you.Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs.SYMO Interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.tii: how to be a better investor
08:53||Season 8Is your financial life ready to be a better investor? Welcome to The Ten Minute Investor.Learn how to be a better investor with 'The Quick-Start Guide to Investing' book: https://amzn.to/4dE11aiWant to watch this? You can here: https://youtu.be/qLYkiyAjdzcAny advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs. SYMO Interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.