THE ADVISER MONTHLY | May 2025

VOLUME V. ISSUE 5

Welcome to the May Edition of The Adviser Monthly!

As the end of the financial year approaches, May is the perfect time to get organised and take proactive steps toward tax-time readiness. Whether you’re a business owner, investor, or simply looking to make the most of your personal finances, now is the time to start preparing.

This month’s edition is packed with expert insights to help you get ahead before 30 June. From staying compliant with the ATO’s latest tax-time priorities and understanding proposed changes to superannuation, to reviewing your investment strategy and making the most of your super contributions, these articles are designed to help you plan with clarity and confidence.

We’re also keeping an eye on the bigger picture, with commentary on the 2025 Federal Budget, global economic shifts, and what Labor’s re-election means for the economy. Whether you’re fine-tuning your financial strategy or just want to stay informed, there’s something in this edition for everyone.

At Make Work Optional, we’re here to guide you through the season with confidence—making sure you’re informed, prepared, and in the best position possible.

Click below to explore this month’s insights and take the next step toward a smoother tax time and stronger financial future.

WHAT NOT TO CLAIM: ATO REVEALS WILD DEDUCTIONS AND 2025 TAX PRIORITIES

From dog food to wedding guest outfits, the ATO has unveiled some of the most outlandish tax deduction attempts—none of which passed the test. This article shares the Australian Tax Office’s top audit priorities for 2025 and reminds taxpayers what not to claim. Whether you’re a seasoned lodger or prepping early this year, it’s a timely look at how to stay compliant and avoid red flags. Click to learn what the ATO is watching closely this tax season.

NEW SUPER TAX PROPOSALS: WHAT YOU NEED TO KNOW

The Australian government’s proposed tax changes on superannuation balances over $3 million, including taxing unrealised gains, have sparked significant debate. While intended to target high-value accounts, critics argue that the lack of indexation could gradually affect a broader range of Australians, including farmers and small business owners. Understanding these proposals is crucial for future financial planning. Click to learn more about the potential impacts of these superannuation tax changes.

BERKSHIRE HATHAWAY’S 2025 ANNUAL MEETING: KEY TAKEAWAYS FOR INVESTORS

Warren Buffett’s surprise announcement of his retirement at the end of 2025 marked a significant moment at Berkshire Hathaway’s annual meeting. Vice Chairman Greg Abel is set to succeed him, prompting discussions about the company’s future leadership and investment strategies. The meeting also highlighted Berkshire’s record cash reserves and addressed challenges in deploying capital effectively. For investors, these developments offer insights into the company’s direction and potential impacts on the broader market. Click to delve deeper into the implications of these pivotal changes.

MAXIMISE YOUR SUPER BEFORE 30 JUNE: VANGUARD'S ESSENTIAL CHECKLIST

As the end of the financial year approaches, it’s an ideal time to review your superannuation strategy. Vanguard’s comprehensive checklist offers practical steps to help you boost your retirement savings before 30 June. From understanding contribution caps to exploring tax-effective strategies, this guide provides actionable insights to enhance your financial future. Click to read more and ensure you’re making the most of your superannuation opportunities.

NAVIGATING GLOBAL TENSIONS: AUSTRALIA’S STRATEGIC BALANCING ACT

As the U.S. intensifies its trade policies against China, Australia finds itself at a pivotal crossroads. This article delves into the complexities of Australia’s position between its largest trading partner and key security ally. It explores the potential economic and diplomatic challenges ahead, emphasising the importance of strategic decision-making in an increasingly polarised global landscape. Click to read more and understand how these international dynamics could influence Australia’s future.

LABOR’S RETURN: ECONOMIC CHALLENGES AND OPPORTUNITIES AHEAD

With Labor’s re-election and a strengthened majority, Australia’s economic landscape is poised for continuity in key policies. Dr. Shane Oliver, AMP’s Head of Investment Strategy and Chief Economist, delves into the government’s primary challenges: enhancing productivity to elevate living standards, addressing housing affordability, and managing the national budget amidst global trade uncertainties. This article offers valuable insights for investors and individuals aiming to understand the potential economic shifts and their implications.

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