SmallBiz Tax and Acc

Small Business Tax and Accounting for Australians- Made Easy.

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Interest rates and shares https://t.co/6IiyiaUp1S

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Offset vs redraw- the tax difference https://t.co/S6rHsE1DvN

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Advice on making life easier https://t.co/A0hwdGQl0c

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House price update https://t.co/UV8qOEr7Eb

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Career advice https://t.co/VHta3VBjGU

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A good real estate agent will help with all of these

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“When you do #stage a home, not only does it set the scene, but it takes your eye away from some of the possible imperfections a house might have.” https://t.co/e8T6ThEBVd

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"In a seller’s market, buyers are more forgiving because the FOMO sets in. In this market, buyers are really scrutinising less-than-perfect listings,” https://t.co/e8T6ThEBVd

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ABS Australian Tax Revenue

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Albo seems to understand one area where Labor went wrong

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Wesfarmers Chairman says #unemployment would've risen under #Labor

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World Economic Forum reports on a German study, which concluded that Australia has the highest minimum wage in the world
#Wages #Auspol https://t.co/rV6SF0m35a

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Question for Bill Shorten

Is it a "gift" to the government when business owners pay extra tax on company profits, beyond what the company has already paid? 

#Frankingcredits #Auspol

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A correction to this- the "half" comment is only referring to super funds who receive cash refunds.

If we look at ALL cash refunds from franking credits, the percentage going to funds with over $2.4mil is much lower.
#Frankingcredits

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What if franking credit refunds didn't exist? By shadow assistant treasurer Andrew Leigh

Notes that half of cash refunds go to super accts with more than $2.4mil https://t.co/oO7PO8wvSl

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Attached pic:

More on income tax vs #GST in Australia's #tax mix, and how GST take is very low.

GST is also more stable. #Corporate tax is more reliant on general economic conditions and commodity prices. Individual & small business tax is too complex.

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2016 FactCheck: is Australia among the lowest-taxing countries in the OECD? By 2 academics

Yes

Overall tax to GDP 28th/34, 9th/34 personal income tax, 2nd/34 corporate tax, 30th/34 GST

But I assume corp tax doesn't factor in credits later refunded?
https://t.co/E15quKbOpY

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Labor franking credit furphies hurt the most vulnerable, by former OECD director & adjunct professor A Blundell Wignall

Argues ALP ethics questionable, responds to "loophole", "no other country" and "wealthy rort" statements made by Shorten & Bowen

https://t.co/OKhfwvX0oL

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Labor's franking policy is theft from the politically weak, by former OECD director & adjunct professor A Blundell-Wignall

Compares Aus, NZ, Canada capital vs double tax countries, argues Aus interest is served by Aus investment- credits pref AU s'holders https://t.co/inB8TeOKFM

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What if franking credit refunds didn't exist? By shadow assistant treasurer Andrew Leigh

Notes that half of cash refunds go to super accts with more than $2.4mil https://t.co/oO7PO8wvSl

[SmallBiz Tax and Acc @SmallBiztaxacc]

Tax wrap ep 186 w/ Ken Mansell.

#Labor

SMSF? Consider moving to an industry super fund WRAP. Win for industry super.

Negative gearing only disallowed against PAYG income. Business or investment income? You're ok

Trust dist 30%? More spouses might be "working" in future