EPISODE · May 6, 2025 · 12 MIN
End of Financial Year Traps: Don’t Let ‘Deduction-itis’ Destroy Your Wealth!
from Wealth Coffee Chats · host Jason Whitton
As the end of financial year (EOFY) approaches, it’s easy to fall into the trap of deduction-driven spending—but is it really saving you money? In today’s Wealth Coffee Chat, Daniel McPherson unpacks “deduction-itis,” the dangerous mindset that leads investors and business owners to waste cash under the guise of tax savings. From flashy car purchases to overpriced tech, we explore real-life examples, smarter strategies, and how to keep your wealth on track. Discover EOFY tax tips, compliance pitfalls, and why your cash flow matters more than deductions.
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End of Financial Year Traps: Don’t Let ‘Deduction-itis’ Destroy Your Wealth!
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