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Last sitting week of Parliament B4 the Budget..

So what tax laws are sitting in the Parliament for our hard working MPs to consider in the last sitting week before the May Budget? A bill that has been in the Parliament for 4 days less than a year that supplements the ‘same business test’ with a ‘similar business test’  and to provide taxpayers with […]

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Is the Opposition just trying to kick SMSFs?

As I have commented on before, the Opposition has announced that if there is a change in the Government, they will stop almost all refunds of excess imputation credits. Resident individuals or super funds will still be able to use the imputation credits to reduce the tax they have to pay. However, if their tax […]

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ALP Tax Policy for 2019 election

The ALP don’t appear to be scared to take some radical tax changes to the next election. Today they announced removing the ability to get excess imputation credits refunded… There will be some very unhappy SMSF and retirees (and charities) who get lots of cash each year from the ATO in the form of refunded […]