Anyone who operates a small business in Australia will already know the company tax rate has reduced from 30% to 27.5% in the last 2 years. The Morrison lead Liberal party plans to lower the company tax rate to even lower levels…..
Ending Corporate Handouts from the Government
The Greens mantra is that Government spending should fund the services we all need to live a good life, not prop up industries which support the fortunate few over the rest of us. They believe the Liberal and Labor party…..
End Tax Avoidance
According to the Greens statement on tax avoidance, Australians have had enough of multi- national companies and the super rich treating tax as an optional extra. The Greens believe our tax system…..
Reverse Unfair Tax Cuts
According to the Greens published tax statement, everyone should pay their fair share of tax in order to contribute to a fairer, more equal society. This is based…..
Self managed super funds
There are 2 major changes on the horizon for SMSF’s should Labor win the next election, which are outlined below. These proposed policy changes will affect those clients in pension mode and those seeking to purchase property within super.
Taxing of Discretionary Trusts
For those clients who currently operate their business through a trust and distribute to family members, these changes will affect you. Under the current legislation (assuming Personal Services Income rules don’t apply)…..
Capital Gains Tax
The Labor parties proposed negative gearing changes are also designed to interact with their proposed changes to capital gains tax. Building on the belief the current tax concessions for property investors…..
Negative Gearing
The Labor parties proposed negative gearing changes are part of their overall strategy to make housing more affordable for working and middle-class families. Labor contends their proposed change to negative gearing is…..
New years resolutions
Every January we set ambitious resolutions to eat healthier food, hit the gym or spend more time with our family. But what about your business? Like your personal life, making one small tweak to your business habits in 2019 could deliver tremendous
QBBC reporting….the landscape has changed….again!
If you’re in the building and construction industry, there are changes to how the Queensland Building and Construction Commission (QBCC) will require reporting, starting from 1 January 2019.
