Individuals could be affected by: – Loss of franking credit refunds to their Self-Managed Super Funds and to themselves – Paying higher capital gains tax by reducing the general CGT discount from 50% to 25% – Losing tax benefits from…
February 2018 Tax Updates Small Business Advantages: The Australian Government is supporting small businesses through introducing the instant write-off for eligible assets costing less than $20,000 from 12 May 2015 to 30 June 2017, helping these businesses purchase assets and…
The Australian Government is supporting small businesses through introducing the instant write-off for eligible assets costing less than $20,000 from 12 May 2015 to 30 June 2017, helping these businesses purchase assets and grow (this is being extended for an…
It’s been tough recently without hearing arguments of pros and cons with the removal of residential property investors’ negative gearing taxation rebates. As it stands, the negative gearing process allows people to claim deductions against the income generated less the…
In individual tax return: From 1 July 2014, the Medicare levy will increase by half a percentage point, going from 1.5 per cent to 2 per cent. The reportable fringe benefits (FBT) amount of $3,738 will increase to $3,773 as…