The Tax Implications of Trading CFDs and Commodities in Australia
Most people who trade contracts for difference lose money. That is not a personal opinion. It is the warning published by Moneysmart, the Australian Government’s financial guidance website, which describes CFDs as high risk, complex and costly financial products. Yet Australian traders continue to open commodity CFD positions every day, drawn by capital efficiency and […]
5 Best SMSF Setup Companies in Canberra: Who Covers the ASIC Trustee Fee
Setting up a self-managed super fund always starts with one unavoidable bill: ASIC charges $636 to register your trustee company, then $70 each year to keep it on the books. If a provider quotes the old fee, you pay the difference. We checked Canberra-focused services and hand-picked five that spell out whether the $636 is […]
What Can I Claim on Tax Without Receipts?
What can I claim on tax without receipts? Missing receipts can make taxpayers question whether they can still claim legitimate expenses on their tax return. The Australian Taxation Office allows certain claims without individual receipts, but specific conditions still apply. Your expense type, claim amount, and records you keep can affect your eligibility. This guide […]
How to Find My Tax File Number (TFN)?
How to find my tax file number? Losing your TFN can create immediate uncertainty when employers or banks request your tax details. Many Australians think about changing their personal details. But the ATO says your TFN remains yours for life, so you should not apply again unnecessarily. Additionally, it is linked to the ATO through […]
What Can I Claim on Tax? Tax Deductions Explained
What can I claim on tax? This is the one question many Australians ask themselves at tax time. Many taxpayers miss legitimate deductions because they remain unsure which expenses they can claim on tax. This uncertainty can reduce a potential tax refund and lead to missed deductions during tax season. The ATO provides rules explaining which […]
Is There GST on Bank Fees?
Unexpected banking charges can leave many Australians wondering whether hidden taxes increase their everyday financial costs. Research shows confusion often arises because different banking services receive different GST treatment under Australian taxation rules. If you have asked, “Is there GST on Bank Fees?”, knowing the correct rules helps you avoid reporting errors and calculate business […]