Tax Time: Talk nerdy to me

When we talk about tax, it’s very easy to switch off and think of last night’s episode of The Bachelor but not anymore! On the episode today we’re chatting to Helen Francis, Principal Accountant of Ty Francis. Helen’s on a mission to make talking tax a lot less boring and a little more sexy.

 

In our conversation, we talk about how tax confuses so many of us and the biggest mistakes she sees ladies make with their tax return.

 

Helen explains the tax dates and how these vary depending on your circumstances. She also runs us through the things we don't need to tell the tax man about and when that side hustle of yours is and isn’t considered to be a hobby for tax purposes.

 

Helen lets us know what we can and can’t claim (and what people try and get away with claiming!). She also explains home office expenses and that all-important question of capital gains tax around investments! This part is so helpful if you’ve been making those dollars on your investments in the last financial year. Helen also cautions where things can get complicated with dividend re-investment plans and her recommendations around record keeping if you’ve got that happening.

 

We also cover how we actually legally reduce our tax bill (keyword being legally!). Helen runs us through superannuation and the benefits of voluntary superannuation contributions, as well as that advantageous but damn hard option of negative gearing.

 

Helen also explains the medicare surcharge and the key point you need to know if you’re in a couple. Also, if you’re not sure how things work with HECS, Helen gives us the lowdown!

 

We also chat about email hacks to deal with that Sunday night email anxiety - life-changing!

 

Ladies, I feel like an absolute tax guru after this chat - I know you will too!

 

CONNECT WITH HELEN:

 

Instagram:    @taxmermaid_

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Join our free Facebook group - Ladies Finance Club Money Chat

 

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