eofy

Here is another episode of year end series.  This is to help guide your way through year end process, specifically during June 23.  We all know how hectic it is for June23, lots of deadlines, and tasks. The How, the What, The Who and the Why.  If you have not listened to any of the year end series, I do encourage you to go back to episode 20 & 21 to listen.  This week, although it feels like a daunting month, this episode will make it so simple for you to understand and follow.  f you want to have a stress free year end, make sure you listen on. 

I have also created a downloadable for you to help you.  Link is here 

Episode 20: Actions to do 30 Days before Year End 

Episode 21: Your accountant/bookkeeper will love you if you do all these 

Connect with Lily

Send me a DM on INSTAGRAM 📸 here

Find out more about WORKING WITH ME💛 here

Or Chat with me here

Get a copy of Magnetic Abundance here. All proceeds go to charity called Kiva.org

Don’t let this end of financial year get you down! Tune into this episode where Justine shares her 20 top-tips for a stress-free EOFY. 

You’ll also learn how to get the most out of the new financial year too.

Is it time you made more money in your business? Join the Business Money Formula waitlist now.

This episode is brought to you by Flossi Creative.

Freaked out by your business finances? Frantic when it comes to end of quarter compliance, tax time got you in a cold sweat? If you can relate, you’re not alone. Most business owners find the financial side of their business overwhelming, confusing and probably on the, never to do list.

When I started my first business, I felt exactly the same way. However, I quickly realised the impact good financial management made to every part of my business. So, over the last 20 plus years, I’ve focussed on the finance, become a registered BAS agent, worked in insolvency  and now I work with other business owners on building financially strong and successful businesses. 

From bookkeeping and compliance services to 1:1 coaching and mentoring, workshops, online courses and my signature service the pricing formula, here at Flossi Creative, we’ve got you covered. 

So if your business finance makes you feel, blah, reach out, book in for a discovery call, learn about our services and find the aha moment that will change your business for the better. We’ll help you go from frazzled to fabulous in no time flat.

This episode is brought to you by Flossi Creative and Business Money Magnet, join NOW!

Want 30 Ways to Save Money in your Business? Download the guide here.

Need a business finance coach or want to get your pricing sorted? Book a Strategy Call NOW.
Join the conversation

Connect with Justine:
Instagram
Facebook
LinkedIn
Website

Discover the Secrets of Successful Business Facebook page
Follow Justine on Instagram @flossifiles or @secretsofsuccessfulbusiness

Host: Justine McLean – Flossi Creative
Producer: Leah Stanistreet – ...

It's that time of year again when we have to dig out all of our old receipts and start crunching the numbers as we prepare our tax return, or if we're lucky, pass all that info on to our accountant to do it for us.

But the past 12 months have been like no other, as many of us grappled with disaster relief payments, Job Keeper, Job Seeker, and all manner of unusual purchases like RATs, face masks, etc. So what exactly can and can't you claim as a legitimate deduction?

The Quicky speaks to a finance expert to find out what the ATO will be cracking down on this time round, and what you need to watch out for when it comes to making claims about working from home.

Subscribe to Mamamia

GET IN TOUCH

Feedback? We’re listening! Call the pod phone on 02 8999 9386 or email us at podcast@mamamia.com.au

CONTACT US

Got a topic you'd like us to cover? Send us an email at thequicky@mamamia.com.au

CREDITS 

Host: Claire Murphy

With thanks to:

Melissa Browne - Finance expert, author and host of Mamamia's What The Finance podcast

Producer: Claire Murphy

Executive Producer: Siobhán Moran-McFarlane

Audio Producer: Thom Lion

Subscribe to The Quicky at... https://mamamia.com.au/the-quicky/

Mamamia acknowledges the Traditional Owners of the Land we have recorded this podcast on, the Gadigal people of the Eora Nation. We pay our respects to their Elders past and present, and extend that respect to all Aboriginal and Torres Strait Islander cultures.

Just by reading our articles or listening to our podcasts, you’re helping to fund girls in schools in some of the most disadvantaged countries in the world - through our partnership with Room to Read. We’re currently funding 300 girls in school every day and our aim is to get to 1,000. Find out more about Mamamia at mamamia.com.auv

Become a Mamamia subscriber: https://www.mamamia.com.au/subscribe

See omnystudio.com/listener for privacy information.

The end of the financial year is almost upon us, and that means it's time to start collecting all your bits and pieces for your tax return. Tax accountant Garth Remington has all the tips you need so you know what to keep and what to chuck.

CREDITS

Host: Rachel Corbett
Contributor: Tax accountant Garth Remington
Managing Producer: Elle Beattie
Lead Producer: Edwina Stott
Producer and Editor: Amy Kimball

This episode of Small Change does not constitute financial advice or take into account individual circumstances. Always seek your own independent financial advice. 

See omnystudio.com/listener for privacy information.

Farm profits will be interesting this financial year with strong milk prices and milder seasons being in our favour but then on the other side of the scales we have pricing pressures on key inputs such as fertiliser and wet weather and severe flooding impacting many dairy businesses on the east coast of Australia. Whether you are looking at a profit or a loss for your dairy business, we are now in the final quarter of the financial year and if you don’t already, you should really be looking at tax planning with your accountant to manage your tax position as effectively as you can.

Our guests this month are two enthusiastic and experienced accountants from Boyce Chartered Accountants who discuss strategies to help dairy farmers with the art of tax planning. Kate Garrett and Dan Medway have a very good understanding of agricultural businesses and have dairy clients they work with throughout NSW.

Useful resources related to this podcast:

Dairy Australia – Farm Business Management training options

The Dairy Standard Chart of Accounts

Boyce Chartered Accountants

This podcast is an initiative of the NSW DPI Dairy Business Advisory Unit

It is brought to you in partnership the Hunter Local Land Services

Please share this podcast with your fellow farmers and colleagues and feel free to contact us with suggestions or comments via this email address thebusinessofdairy@gmail.com

Further NSW DPI Dairy channels to follow and subscribe to include:

NSW DPI Dairy Facebook page

DPI Intensive Livestock Twitter feed

NSW DPI Dairy Newsletter

Transcript here

Produced by Video Lift

The information discussed in this podcast are for informative and educational purposes only and do not constitute advice. 

Picture this: you can pay for the things you need AND you lower your tax bill at the same time. Almost sounds too good to be true right? Well, Molly Benjamin is here to tell you how salary packaging could do just that for you.

CREDITS

Host: Rachel Corbett
Contributor: Founder of Ladies Finance Club Molly Benjamin. Check her out on Instagram @msmollybenjamin or head to her website ladiesfinanceclub.com
Managing Producer: Elle Beattie
Lead Producer: Rachael Hart
Producer and Editor: Amy Kimball

This episode of Small Change does not constitute financial advice or take into account individual circumstances. Always seek your own independent financial advice.

See omnystudio.com/listener for privacy information.

US equities reached a new record high yesterday. 

US American house prices grew 14.9% in April, beating expectations. 

This morning the Aussie share market is set to open higher, for the final day of the financial year. 

What to watch today: 

• Across Australia, capital cities are in lockdown and states are closing their borders, contributing to the markets pull back form its record high. As panic buying takes off again, Woolworths (ASX:WOW) shares are up 4% and Metcash (ASX:MTS) shares are up 6%. As COVID-19 testing increases, healthcare stocks are also doing well, including Sonic Healthcare (ASX:SHL) which is up 3%. 
• Today marks the final day of the Financial Year. During this time, investors often take profits from stocks doing well, and buy underperforming stocks. With this in mind, Redbubble (ASX:RBL) and Kogan (ASX:KGN) are down 30% this year, however both shares rose 5% this week to date. Other stocks to consider include: Zip (ASX:Z1P) and Collins Food (ASX:CKF). 
• NSW small businesses will be able to apply for grants for lost revenue as a result of lockdowns. Commercial businesses are also being encouraged to negotiate rent prices. 
• A ban on exporting mixed plastics will come into play tomorrow. Watch Amcor (ASX:AMC) and Pact Group (ASX:PGH). 
• The iron ore price fell 0.4% to US$214.00, gold fell 0.1% to US$1,761.00, nearing an 11 week low, and the oil price is back over US$73.00. 

Trading Ideas: 

• Alpha HPA Ltd (ASX:A4N), was reiterated as a Bell Potter Speculative BUY with an increased $0.83 target, implying 63% yearly upside.
• FYI Resources (ASX:FYI), Chimeric Therapeutics (ASX:CHM), and Advanced Human Imaging (ASX:AHI) are all giving off bullish charting signals according to Trading Central. 

Tanya Christie is the Tax Queen over at Fullstack Advisory.

Tanya is not a financial advisor, all information she shares is general in nature and should not be constituted as financial advice.

Have you got a question or an idea of a topic for us to cover? Get in touch via our instagram @getwemoney . We love hearing from you!

If you enjoy the show, we'd love if you could write a review on Apple podcasts to help other people just like you find us and get better with their finances.
If all this money chat has inspired you to take care of your finances, then Download the WeMoney app. It's free! Use the referral code 'PODCAST' when you sign up to receive $5 when you connect a valid financial account

Disclaimer
We Talk Cents is not a financial advisor and the information provided is general in nature and was prepared for information purposes only. This podcast should not be considered to constitute financial advice. Accordingly, reliance should not be placed on the podcast as the basis for making an investment, financial or other decision. This information does not take into account your investment objectives, particular needs or financial situation.

Need Help?
If you are struggling with your finances, call the National Debt Helpline on 1800 007 007 for free financial counselling.

As of today, 23% of the world’s population have received their first dose of the COVID-19 vaccine, according to Our World in Data. 

Overnight, big tech names Zoom, Facebook and Peloton all increased over 4%. 

Today, the futures are suggesting a negative day for the Aussie share market, given there are two days until the EOFY and three of Australia’s capital cities are in lockdown. 

What to watch today: 

• With two days until the EOFY, institutional investors are rebalancing their portfolios to sell stocks that have done well over the year, and buy those that have underperformed. With this in mind, stocks that are up 40 to 90% this year include mining stocks Chalice Gold Mines (ASX:CHN), Pilbara Minerals (ASX:PLS) and Codan (ASX:CDA). Banking stocks include Virgin Money (ASX:VUK) and Westpac (ASX:WBC), and building stocks include Reece Group (ASX:REH) and Boral (ASX:BLD). Uniti Group (ASX:UWL) is also one to watch.  
• COVID-19 restrictions and lockdowns are currently in place in Perth, Sydney and Darwin, so watch travel, tourism, hospitality and retail stocks. 
• Prime Minister Scott Morrison has announced that anyone under 40 years old can receive the AstraZeneca vaccine. 
• The iron ore price continued its recovery rising 0.4% to US$215.00. 
• The oil price is down to US$72.00 a barrel. 

Trading Ideas: 

• Bapcor (ASX:BAP) was upgraded by Citi overnight with a new $9.55 price target.
• Genetic Signatures (ASX:GSS) was reiterated as a Bell Potter Speculative BUY with a slimmer $2.20 price target. 
• VGI Partners (ASX:VGI), Kogan (ASX:KGN) and Rudbubble (ASX:RBL) are all giving off bullish charting signals according to Trading Central. 

 The Aussie share market is set for a slow start to the week, with the futures suggesting the market will rise 0.1%. 

What to watch today: 

• With three days to go until the EOFY, selling/portfolio adjustments continue. 
• The City of Sydney is currently in lockdown. So all eyes are on travel, hospitality and retail stocks. 
• Watch Endeavour Group (ASX:EDV), after it demerged from Woolworths (ASX:WOW) on Friday. 
• The oil price rallied above US$74 a barrel, after rising for its fifth week to its highest level since October 2018. 
• Gold rose 0.2% and the iron ore price rose 0.4% to $214. 

Trading Ideas: 

• Aeris Resources Ltd (ASX:AIS) is a Bell Potter BUY stock, with an upgraded price target to $23.50. 
• Resolute Mining (ASX:RSG), Mincor Resources (ASX:MCR) and Galan Lithium (ASX:GLN) are all giving off bullish charting signals according to Trading Central. 

Have you got a question you'd like to ask Tanya Christie , the Tax Queen?
Submit your tax questions via our instagram, or email. Please note that all information shared will be general in nature and will not constitute as financial advice.

Have you got a question or an idea of a topic for us to cover? Get in touch via our instagram @getwemoney . We love hearing from you!

If you enjoy the show, we'd love if you could write a review on Apple podcasts to help other people just like you find us and get better with their finances.

If all this money chat has inspired you to take care of your finances, then Download the WeMoney app. It's free! Use the referral code 'PODCAST' when you sign up to receive $5 when you connect a valid financial account

Disclaimer
We Talk Cents is not a financial advisor and the information provided is general in nature and was prepared for information purposes only. This podcast should not be considered to constitute financial advice. Accordingly, reliance should not be placed on the podcast as the basis for making an investment, financial or other decision. This information does not take into account your investment objectives, particular needs or financial situation.

Need Help?
If you are struggling with your finances, call the National Debt Helpline on 1800 007 007 for free financial counselling.

The Aussie share market is set to open lower, with the futures suggesting the market will fall 1.5%. 

What to watch today: 

• Australian Retail sales data is out today for May. 
• Today marks the 8th last trading day before the EOFY. 
• Lumber prices hit a record high in May of US$1,700 per thousand board feet. Watch lumber and wood producers, including Big River Industries (ASX:BRI), Wesfarmers (ASX:WES) and Midway (ASX:MWY). 
• The oil price holds at US$71.84, up by 0.3%. 
• The iron ore price fell 1.6% and trades at US$217. 
• The copper price fell to a two month low, losing 1.2% and falling 7% over the week, as China is expected to sell their reserves in copper, aluminum and zinc. 
• Most traded stocks by Bell Direct clients yesterday: Galaxy Resources (ASX:GXY) and Chalice Mining (ASX:CHN).  

Trading Ideas: 

• Avita Therapeutics (ASX:AVH) was reiterated as a Bell Potter BUY with a $9.80 target, implying 75% share price growth in a year. 
• Bubs Australia (ASX:BUB), Xero (ASX:XRO) and AMP (ASX:AMP) are all giving off bullish charting signals according to Trading Central. 

The Aussie share market hit three record highs this week as the Tech sector turned up the watts. However, the market now tracks sideways as it holds its breath for the Fed's interest rate announcement. In this week’s wrap, Jessica covers:

• (0:7) Old school Tech stock gains while Financial stocks get hit by EOFY portfolio adjustments
• (0:22) Altium (ASX:ALU) rising 27% as the standout stock of the week
• (1:22) Why the ASX200 is likely to rally over the medium term
• (2:22) Two major themes emerging that investors should consider
• (4:40) Why consider semiconductor companies