Tax Week: Your EOFY checklist
6/29/202616 min
Not sure what to do with all those tax receipts? How will the new $1000 tax deduction actually work? And what about changes to negative gearing and the CGT discount?
Welcome to Tax Week with ABC Business Daily, a special bonus series hosted by Carrington Clarke and ABC finance reporter Emily Stewart, aka ‘Sensible Emily’, editor of the Your Money Explained newsletter.
In this episode Carrington Clarke and Emily Stewart cover what to do before the financial year ticks over tonight, what to know about work-related purchases, and the low-down on super top-ups and concessional contributions.
Be sure to check out Emily's ABC Newsletter, Your Money Explained.
Got a burning business question?
We'd love to hear your questions! If there’s business and economic news that has you stumped or you'd like further insight into, we're here to help. Send a short voice recording to Carrington and the team at abcbusinessdaily@abc.net.au and we'll attempt to answer it.
Clips
Transcript preview
First 90 secondsEmily Stewart· Guest0:00
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Carrington Clarke· Host0:05
[upbeat music] Good day there, I'm Carrington Clark, and welcome to Your Tax Week with ABC Business Daily, a special series that will be dropping in your feeds bright and early across this week. Now, since the government unveiled the federal budget back in May, there has been a lot of chitchat about tax. Now, we have been covering some of those big proposed changes to tax policy on the pod, but as the financial year comes to a close, we wanted to bring you a special bonus series zooming in on how these policies might affect you right now and in the financial years ahead. So every day at 6:00 AM, keep a lookout for a mini episode taking you through what you need to know this tax time, before your usual Business Daily episode later in the morning. So let's kick things off, and to tackle this big issue across this week, I'm joined by ABC finance reporter Emily Stewart, also known to some of our listeners as Sensible Emily, editor of the Your Money Explained newsletter. Welcome aboard, Emily.
Emily Stewart· Guest1:16
What an introduction. Thank you for having me, Carrington, and happy Financial Year Eve. What a thrill it is.
Carrington Clarke· Host1:23
Yeah, fantastic to have you, Emily. Great to be able to draw upon your expertise in this area. I know you've spent years