Money

Young professionals are maximising their tax return with these expert tips

“Dr. Enticott Offers Tax Tips for Young Professionals: Deductions, Salary Packaging, and EV Benefits in Australia.”

Published

12 months ago

March 4, 2025

Steven Enticott

Dr. Enticott Offers Tax Tips for Young Professionals: Deductions, Salary Packaging, and EV Benefits in Australia.

Tax Tips for Young Professionals in 2025: How to Keep More of Your Money!

As tax season approaches, young professionals have the opportunity to maximise their returns and keep more of their hard-earned money. Whether you’re lodging your own taxes or considering professional help, understanding deductions, salary packaging, and super contributions can make a significant difference. Here’s how to make the most of your tax return in 2025.

Claim Every Deduction You’re Entitled To

Many young professionals miss out on valuable deductions simply because they’re unaware of them. Work-related expenses such as home office costs, professional development courses, union fees, and industry-related equipment can all be claimed. Keep receipts and records to ensure you don’t miss out on eligible deductions.

Avoid Common Tax Mistakes

Errors such as misreporting income, forgetting to declare side gigs, or claiming ineligible deductions can trigger audits or delays. Using tax software or consulting a tax professional can help you avoid costly mistakes and ensure you receive the maximum refund possible.

Should You Use an Accountant?

While lodging your own taxes through the ATO’s myTax platform is free and straightforward for many, an accountant can help you navigate complex deductions, investments, or business income. If your financial situation involves multiple income streams or investments, professional assistance may be worth the cost.

Reduce Tax Through Salary Packaging & Super Contributions

Salary packaging items like laptops, work-related travel, or even your mortgage can help reduce taxable income. Voluntary superannuation contributions also offer tax benefits and boost your retirement savings.

By staying informed and proactive, young professionals can ensure they get the best possible outcome this tax season.

Dr Steven Enticott is a finance professional, speaker, regular columnist, and author of The Man With A Plan.

For more information www.ciatax.com.au

Money

Australia’s inflation report and Nvidia earnings impact explained

Australia’s inflation report sparks market shifts, influencing interest rates, the Aussie dollar, and investor sentiment amid Nvidia’s earnings.

Published

5 days ago

February 26, 2026

Harvey Vargas

Australia’s inflation report sparks market shifts, influencing interest rates, the Aussie dollar, and investor sentiment amid Nvidia’s earnings.

Australia’s latest inflation report is creating waves across the market, with questions about interest rates, the strong performance of the Aussie dollar, and the uneven nature of the stock market rally. Investors are watching closely as changes in carry trade risks this month add another layer of complexity.

David Scutt from StoneX discusses what these shifts mean for trading strategies and the broader economic outlook. He provides insight into how underlying factors are shaping investor confidence and market dynamics.

On the tech side, Nvidia’s upcoming earnings are expected to influence AI development and the broader tech sector. Coupled with trends in SaaS and bitcoin price action, these movements are signalling how investor sentiment is evolving in a fast-changing landscape.

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#AustraliaEconomy #InflationReport #AussieDollar #NvidiaEarnings #AIInvesting #StockMarketNews #BitcoinTrends #SaaSInsights

Money

U.S. stocks rally as AMD, Home Depot, and AI software lead gains

U.S. equities rose as AI disruption fears eased, with Home Depot, AMD, and DocuSign driving tech stock gains.

Published

6 days ago

February 25, 2026

Harvey Vargas

U.S. equities rose as AI disruption fears eased, with Home Depot, AMD, and DocuSign driving tech stock gains.

U.S. tech stocks surged as investors’ fears over AI disruption eased. Advanced Micro Devices jumped 9% after Meta announced a multiyear deal to deploy AMD’s graphics processing units for AI data centres. The move highlights growing corporate confidence in AI infrastructure investments.

DocuSign also rose 3% following Anthropic’s confirmation that Claude Cowork can integrate with DocuSign, Google Drive, and Gmail, signalling stronger adoption of AI tools across industries.

The iShares Expanded Tech-Software Sector ETF climbed 2% despite remaining over 30% below its 52-week high, showing tech stocks are recovering but still have room to run.

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Money

Stocks tumble amid AI concerns and Trump tariff update

Dow drops 800+ points as AI and trade worries hit tech and retail stocks; bonds rise amid market volatility.

Published

1 week ago

February 24, 2026

Harvey Vargas

Dow drops 800+ points as AI and trade worries hit tech and retail stocks; bonds rise amid market volatility.

Stocks plunged sharply as concerns over artificial intelligence and trade tensions rattled investors, sending the Dow down more than 800 points. Heavyweights like American Express, Goldman Sachs, and JPMorgan were key contributors to the drop.

Software companies were hit particularly hard after a report suggested AI could impact economic growth, triggering further losses across tech shares.

Trade-sensitive retailers including American Eagle Outfitters, Ralph Lauren, and Yeti Holdings also faced setbacks as market uncertainty spiked. Bonds, meanwhile, rallied as investors sought safety in a volatile market.

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