Room to rent? The ATO might be interested.

Renting out a spare room can be a great way to earn some extra cash. However, it’s easy to overlook the fact that the rent you charge, even on short-term stays, is taxable income. It needs to be declared on your annual tax return and, depending on your total income you may need to pay tax on what you earn. On the other hand, the deal might be sweetened with tax deductions. Take a chance? ...
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Strategies to increase investment returns

        Here are a few strategies that could be worth considering if you want higher returns on your investment - but always be conscious of the risk levels involved: Allocate a higher proportion of your investment to shares. Although shares have higher volatility, they also can be expected to produce higher returns than defensive assets such as bonds. The d...
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Consolidate and grow!

Louise is 42 and has just helped her parents celebrate retirement. They will be reliant on the age pension for most of their income in retirement and Louise can see they will be forced into a basic lifestyle – not what she wishes for herself. She resolves to get her financial affairs in order and sees a financial adviser. Louise is single and a nurse. She has worked in many private hospitals ...
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