Topic: Tax

All year we've been asking for your questions over on Equity Mates Investing Podcast, and we had such a huge backlog, we knew we needed to answer a couple that had escaped our attention!

This episode we're talking about what you do when you get those lump sums of money you didn't expect (ummm must be nice!).

With Australia’s tax deadline fast approaching - it is tomorrow, or 31 October 2023, so get your tax returns in - but today Sascha and Alec wanted to understand how Americans could avoid paying so much tax.

This week Trace and Blake simplify the seemingly complex intersection of crypto and tax with the help of Danny Talwar who is Head of Tax at Koinly.

EOFY is approaching, and we had a bunch of listeners reach out with questions for this episode!

In this week's episode, Candice and Felicity discuss a relatively unknown (and under utilized) super contribution measure that could not only help reduce your taxable income BUT also help build up your retirement savings over time investing in your future!

Went back in the archives this week and pulled out an episode we recorded 5 years ago - about all things tax!

We're back with our Ask An Advisor series - this time joined by Andrew Wilson, Managing Director at Wilson CA. He chats to us about finding those deductions and offsets you could be eligible for this EOF - helping us ensure we claim everything we're legitimately entitled to (especially for anyone working from home!)

Felicity and Candice are back with their essential 'need to know' episodes and are going through the four essential CGT concessions to consider.

New data released by the Australian Tax Office has revealed that almost a third of large companies paid zero corporate tax in Australia in the 2020-21 financial year. In those almost 800 strong list are the likes of Glencore, Qantas, ExxonMobil, Chevron, and more.

This week Trace and Blake simplify the seemingly complex intersection of crypto and tax with the help of Danny Talwar who is Head of Tax at Koinly. As a crypto enthusiast, his experience as a chartered accountant and chartered tax adviser across Australia and Europe places him as a thought leader within the rapidly growing crypto taxation space.

As the last day of June creeps closer and closer, Candice and Felicity thought it would be the perfect time to remind you of some tips you can action to make the End of Financial Year a little bit easier. The ladies talk through their favourite fourteen ideas that cover all the top money topics - superannuation, private health insurance, looking for deductible expenses and equities.

It’s almost the end of June, which is the end of the Financial Year here in Australia. Around this time, we always hear the same story... that global companies rake in huge profits, while simultaneously paying next to nothing in tax. The same pattern eventuates. We get frustrated. Politicians get riled up. But ultimately, nothing changes. But, earlier this year the OECD agreed to implement a 15% global minimum tax threshold, and suddenly there was hope that multinational companies would have to start to pay their fair share. Until it was then reported that the tax would be held up until 2024. Darcy and Sascha discuss the plan by the OECD, just how multinationals move their profits around, and then they talk to Thomas - one half of Comedian V Economist - about his thoughts on the plan.

Candice and Felicity are joined by Grant Hackett, CEO of Generation Life, a company providing Australians with tax effective investment solutions for over 17 years. Grant joined the Generation Life Executive Team in September 2017. With over 12 years of experience, Grant has held many senior positions across marketing, distribution and wealth management for Westpac and BT Financial Group. Grant’s name might be familiar to many for his sporting achievements prior to his corporate career, when he won the men’s 1500 meters freestyle race at both the 2000 and 2004 Olympic Games. In this conversation they talk about why you might consider using an investment bond, for yourself, your children or your grandchildren. They discuss the tax implications, broader strategies and benefits of investment bonds, and talk about Grant’s attitudes to leadership, and how his career as an athlete has influenced his corporate career.

Investing in your local economy is ok ... However, the opportunity to invest globally means that we can diversify and have access to some of the biggest companies on this spinning planet. We do have to build the skills, but we also do have to 'fill out the forms' to ensure we abide by the laws and treaties of different countries, but also avoid paying too much tax unnecessarily.

Markets have had something of a shakeout over the summer, without a regular CVE to guide them, but is it the beginning of something much larger? What will the RBA do now the data is a full two years ahead of their forecasts? How has China been tracking over the summer, and why are these millionaires asking us to tax them more? All this and more on this week's Comedian v Economist.

In this special bonus episode, Bryce and Alec talk to Tim Loh, Assistant Commissioner - Individuals and Intermediaries at the Australian Taxation Office. Tim talks us about what Equity Mates community should know about the tax implications of investing in cryptocurrency, and common tax mistakes made by investors so we can avoid them. Remember, don't take financial advice from a podcast! See a professional!

Charlie Viola is a Partner at Pitcher Partners, providing financial advisory and wealth services to high net worth and ultra-high net worth individuals. Specialising in ongoing investment management and administrative services, Charlie’s personally responsible for over $1.5 billion of funds under management. Charlie has been recognised by Barrons as the #1 adviser in Australia in their 2018 Adviser Rankings, #4 in 2019.