Div293 tax was pushed through with the same justification in 2012-13 - "It will only impact a few and it's only an incremental change". Div293 impacts an increasing number of Aussies every year. Anyone on a "good" income pays 30% on their super contributions today.The proposed Div296 is also a fundamental change, taxing unrealised gains and, like our personal tax rates, is not inflation-indexed. It's a sneaky, underhanded way to introduce a big tax that will impact everyone in future. Contact your senator and complain. The house is lost.Jim Chalmers MP you know what you are doing and you are not being honest with the public.
Assistant Treasurer reconfirms intention of pushing through unchanged legislation
www.smsfadviser.com
In a meeting with the SMSFA last week, Assistant Treasurer Daniel Mulino reconfirmed the Treasurer’s intention to proceed with the proposed $3 million super tax legislation in its current form.1 CommentsComment on Facebook
Good financial advice is tax-deductible.... PARTIALLY. All good advisers should focus on tax efficiency and reducing tax owed (tax deductible) but also look at wealth creation (Not deductible). Do NOT claim 100% of our fees. Remind your accountant.
ATO monitoring advice fee deductions, FAAA cautions
www.accountantsdaily.com.au
Advisers and accountants should adopt a common-sense approach towards claiming tax deductions for financial advice, with the ATO asking questions about deductions in some instances, says the FAAA.0 CommentsComment on Facebook
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Labour is coming for your super.
‘Hundreds of thousands’ could be caught in Chalmers’ super tax
flip.it
Jim Chalmers’ plan to raise extra tax out of superannuation funds with more than $3 million will hit hundreds of thousands of young people while enticing them to sink more cash into trusts, one of â...0 CommentsComment on Facebook
CBO scores the big beautiful bill as a massive wealth transfer from the poorest families to the wealthiest. Of course….
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