News : Tax

Financial Planning, Investments, Tax

Franking credit planning premature

Advisers and clients who moved to offset the impact of Labor’s proposed franking credit refund ban should have waited until the legislation, according to SuperConcepts.

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LRBA, Superannuation, Tax

Election puts SMSF measures back on govt agenda

Green tick in box labelled yes

The coalition’s election win is likely to result in a number of stalled superannuation and SMSF measures being reintroduced into parliament within weeks.

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Retirement, Tax

Labor voters turn against franking credit plan

The opposition’s plans to ban franking credit refunds has been rejected by Labor voters who have indicated they will switch parties over the issue.

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Investments, Tax

Wilson to continue franking credit fight

The head of Wilson Asset Management will continue to protest against franking credit changes even if ALP wins the federal election.

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Superannuation, Tax

Labor tax changes go beyond ‘wealthy’ retirees

Image of target to illustrate Labor party election policies aimed at retirees

Retirees incorrectly labelled as wealthy have been targeted to generate a third of Labor’s election policy costings.

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Accounting, Tax

Numbers for cap on tax advice based on wrong data set

tax advice

Calls to cap deductions for costs related to tax advice have been based on inaccurate and limited data.

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Superannuation, Tax

Franking credit policy should be for all superannuation funds

Any changes to franking credit policy should be applied at an individual level across all superannuation funds if it is to be non-discriminatory.

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Superannuation, Tax

Election highlights contrast in super policies

Long held and distinct ideological positions are being presented in the superannuation and tax policies of the two major political parties.

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LRBA, Tax

LRBA benchmark failures will create NALI dangers

Out of date LRBA loan rates may result in an SMSF being considered as receiving non-arms length income and taxed accordingly by the ATO.

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ATO, Tax

ATO confirms conciliatory TBAR approach

Silhouette of helping hand between two climbers representing ATO helping SMSFs

Late TBAR lodgement is currently being treated from an educational and supportive perspective by the ATO.

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