Listen to how ordinary people built extraordinary wealth - and how you can too. You’ll learn how millionaires live on less than they make, avoid debt, invest, are disciplined and responsible! Featuring hosts from the Ramsey Network: Dave Ramsey, Ken Coleman, Christy Wright, Rachel Cruze, Anthony ONeal and John Delony.
422b Tax time! Name it and claim it baby! (crypto, shares, salary sacrifice, WFH, side hustle + more)
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It's tax time kids! In this episode Sarah Pyke from Altus Financial joins Glen and John to answer your tax questions around:
👉🏻how the ATO views crypto at tax time
👉🏿tips for managing documents and receipts etc to make claims
👉🏾WFH expenses ($0.52/hr + additional claims included vs $0.80/hr with no additional claims)
👉claiming deductions for personal super contributions
👉🏽preparing tax for the first year as a sole trader
👉🏼declaring dividends as a couple
👉🏾some deets around claiming charity donations
👉side hustle tax tips
👉🏿things you can do now to start preparing for tax
👉🏽***make sure you read everything your accountant sends you clearly - the ultimate tax result is your responsibility to sign off
If you're keen to be connected to Altus Financial head over to: https://www.altusfinancial.com.au/millennial-money
Check out the my millennial business episode covering some tax deets for business owners: https://player.whooshkaa.com/episode?id=838250
Get $20 off The Glen James Spending Plan using the code "MAGIC". Link to course below!
For podcast resources, links to our stuff, disclaimers & warnings about this episode + more... check out: https://www.sortyourmoneyout.com/shownotes
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