Julia's Blog
By Julia Hartman
The 2019 Election Budget and Reply Special This year is certainly unique! A budget that first needs to get through an election to be enacted yet there is so much we need to know right now. Rather than look too far into the long-range forecasts I will concentrate on changes that will affect the next …
Refunding Franking Credits – Let’s address the Elephant in the Room – Tax Free Superannuation Labor party policy is that franking credits should not be refunded to taxpayers and self managed superannuation funds (SMSF) who don’t have enough taxable income to pay tax. Note that public superannuation funds that pay tax free pensions will still …
Alan Kohler wrote in the Australian, of Ken Hayne’s Report on the Banking Royal Commission: “His decision to not call for the separation of product and advice is both inexplicable and egregious.” BAN TACS has solved this for their clients through our own financial planning arm! Download PDF Tax, Accounting and Financial Planning Advice in One …
Obviously, you have to declare the income you receive and are entitled to claim expenses but the long-term consequences of a property earning income is capital gains tax (CGT) which means keeping records for the rest of the time you own it. This will even apply to your home in most circumstances. When the Property …