We’re half way through 2024 & it’s the perfect time to do a mid-year money reset! We chat how to readjust your money goals, tax time tips & hacks to get the most out of EOFY sales. 




Disclaimer for claiming your handbag as a tax deduction

This applies to eligible bags and cases used for work including a briefcase, laptop bag, satchel, luggage & a handbag in some circumstances. 




You can claim an immediate deduction for items that cost $300 or less, if you use them more than 50% of the time for a work purpose. If your work handbag is worth $300 or more, you can claim a deduction for the decline in value over the effective life of the item. Please see the ATO website for further information. 




Disclaimer: Fines for late penalty fees 

According to the ATO, please note that penalty fees for late tax lodgements will increase from $313 to $330 from 1 July 2024. 




Reminder: This is NOT financial advice. Please reach out to a tax agent or financial advice for any tips specific to your situation. Please note that terms and conditions and eligibility requirements apply to tax deductions. 




LINKS & RECEIPTS

The average tax refund - H&R Block

Deductions you can claim - ATO

How to claim a bag/handbag as a tax deduction - ATO

Understanding tax deductions - MYOB

12 Commonly Overlooked Tax Deductions - H&R Block

Money Diary by Jessica Irvine

Due dates to lodge your tax - ATO

What’s the fine if I don’t lodge my tax on time?




⚡CHUCK US A FOLLOW 

Follow Two Broke Chicks on Instagram 

Follow Two Broke Chicks on TikTok 

Join our Broke Chicks Club Facebook Group 




🎙️CREDITS 

Hosts: Sally McMullen & Alex Hourigan 

Studio, editing & production: MIK Made




Thanks for having us in your ear holes. We love to be here! 

We’re half way through 2024 &amp; it’s the perfect time to do a mid-year money reset! We chat how to readjust your money goals, tax time tips &amp; hacks to get the most out of EOFY sales. 
 
Disclaimer for claiming your handbag as a tax deduction
This applies to eligible bags and cases used for work including a briefcase, laptop bag, satchel, luggage &amp; a handbag in some circumstances. 
 
You can claim an immediate deduction for items that cost $300 or less, if you use them more than 50% of the time for a work purpose. If your work handbag is worth $300 or more, you can claim a deduction for the decline in value over the effective life of the item. Please see the ATO website for further information. 
 
Disclaimer: Fines for late penalty fees 
According to the ATO, please note that penalty fees for late tax lodgements will increase from $313 to $330 from 1 July 2024. 
 
Reminder: This is NOT financial advice. Please reach out to a tax agent or financial advice for any tips specific to your situation. Please note that terms and conditions and eligibility requirements apply to tax deductions. 
 
LINKS &amp; RECEIPTS
<a href="https://www.hrblock.com.au/tax-academy/why-tax-refund-so-low">The average tax refund - H&amp;R Block</a>
<a href="https://www.ato.gov.au/individuals-and-families/income-deductions-offsets-and-records/deductions-you-can-claim">Deductions you can claim - ATO</a>
<a href="https://www.ato.gov.au/individuals-and-families/income-deductions-offsets-and-records/deductions-you-can-claim/tools-computers-and-items-you-use-for-work/bags-and-cases-for-work-items" target="_blank" rel="noopener noreferer">How to claim a bag/handbag as a tax deduction - ATO</a>
<a href="https://www.myob.com/au/blog/understanding-tax-deductions/">Understanding tax deductions - MYOB</a>
<a href="https://www.hrblock.com.au/tax-academy/top-tax-deductions">12 Commonly Overlooked Tax Deductions - H&amp;R Block</a>
<a href="https://www.amazon.com.au/dp/1394208723?linkCode=ssc&tag=onamztwbrokec-22&creativeASIN=1394208723&asc_item-id=amzn1.ideas.33RP8JIO6XDCF&ref_=aip_sf_list_spv_ofs_mixed_d_asin">Money Diary by Jessica Irvine</a> 
<a href="https://www.ato.gov.au/individuals-and-families/your-tax-return/how-to-lodge-your-tax-return">Due dates to lodge your tax - ATO</a>
<a href="https://www.hrblock.com.au/tax-academy/no-tax-return-lodged-consequence#:~:text=This%20fine%20is%20calculated%20at,%24313%20per%2028%20day%20period.">What’s the fine if I don’t lodge my tax on time?</a>
 
⚡CHUCK US A FOLLOW 
<a href="https://www.instagram.com/twobrokechicks/">Follow Two Broke Chicks on Instagram </a>
<a href="https://www.tiktok.com/@twobrokechicks_?lang=en">Follow Two Broke Chicks on TikTok </a>
<a href="https://www.facebook.com/groups/532935037955135">Join our Broke Chicks Club Facebook Group </a>
 
🎙️CREDITS 
Hosts: Sally McMullen &amp; Alex Hourigan 
Studio, editing &amp; production: MIK Made
 
Thanks for having us in your ear holes. We love to be here!

Journalists, twin flames and ‘Two Broke Chicks’ Sal and Al share their life lessons to help you feel rich in life. 
From landing a full-time gig, to getting dumped, to understanding your sexuality to how to get on top of your finances. The chicks and their guests will share gems of wisdom, confess their mistakes and pass on lessons learnt - all with a side dish of cheeky bants and inappropriate humour. So come hang!

Journalists, twin flames and ‘Two Broke Chicks’ Sal and Al share their life lessons to help you feel rich in life. 
From landing a full-time gig, to getting dumped, to understanding your sexuality to how to get on top of your finances. The chicks and their guests will share gems of wisdom, confess their mistakes and pass on lessons learnt - all with a side dish of cheeky bants and inappropriate humour. So come hang!

Journalists, twin flames and ‘Two Broke Chicks’ Sal and Al share their life lessons to help you feel rich in life.

Two Broke Chicks

Journalists, twin flames and ‘Two Broke Chicks’ Sal and Al share their life lessons to help you feel rich in life. From landing a full-time gig, to getting dumped, to understanding your sexuality to how to get on top of your finances. The chicks and their guests will share gems of wisdom, confess their mistakes and pass on lessons learnt - all with a side dish of cheeky bants and inappropriate humour. So come hang!

Journalists, twin flames and &lsquo;Two Broke Chicks&rsquo; Sal and Al share their life lessons to help you feel rich in life. From landing a full-time gig, to getting dumped, to understanding your sexuality to how to get on top of your finances. The chicks and their guests will share gems of wisdom, confess their mistakes and pass on lessons learnt - all with a side dish of cheeky bants and inappropriate humour. So come hang!

The Mid-Year Money Reset

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/82ea5ee1-d648-405a-8878-b3ff004993b5/transcript