Stuart Jones

Passionate about superannuation, SMSFs, tax, investments.

[Stuart Jones @stuartjones_1]

Federal Budget 2025-26: Personal income tax rate cut for income threshold ($18,200 - $45,000) from 16% to 15% (from 1 July 2026) and 14% (from 1 July 2027) #WeeklyTaxBulltein

[Stuart Jones @stuartjones_1]

Federal Budget 2024-25: tax incentive for production of critical minerals and renewable hydrogen; small business $20k instant asset write-off extended to 30 June 2025; super on Govt Paid Parental leave: other
#WeeklyTaxBulltein

[Stuart Jones @stuartjones_1]

Federal Budget 2023-24: Super fund NALI for non-arm’s length expenses to be capped at twice general expense (instead of 5 times) #WeeklyTaxBulltein

[Thomson Reuters Tax & Accounting AU & NZ @TaxAcctFirmsANZ]

Thomson Reuters' expert tax-writing team were in the Budget lock-up yesterday to ensure our readers got all the details on the night. If you missed out, download your copy of our Federal Budget Special Report now. https://t.co/50pvb8iI46

#TRCleardocs #TRCheckPoint #AusPol

[Stuart Jones @stuartjones_1]

Tax thin cap rules: new earnings-based test for limiting debt deductions. #FederalBudget2022 #ThomsonReuters

[Stuart Jones @stuartjones_1]

SMSF audits: Government will not proceed with proposal for 3-year audit cycle for SMSFs with good compliance history. #FederalBudget2022 #ThomsonReuters

[Stuart Jones @stuartjones_1]

Federal Budget 2022-23: tax integrity measures but no major tax reform. #WeeklyTaxBulltein

[Stuart Jones @stuartjones_1]

The Australian Superannuation Handbook 2022-23 is here to help practitioners navigate the latest changes. #superannuation #SMSF #ThomsonReuters https://t.co/DWU723bESQ

[Stuart Jones @stuartjones_1]

Superannuation pension drawdowns - 50% reduction extended to 2022-23.
#Budget2022 #WeeklyTaxBulletin

[Stuart Jones @stuartjones_1]

Businesses with turnover less than $50m will receive 20% deduction boost on external training and digital adoption. Will apply for expenditure incurred from 7:30pm 29 March 2022.
#Budget2022 #WeeklyTaxBulletin

[Stuart Jones @stuartjones_1]

Low and middle income tax offset (LMITO) increased by $420 for 2021-22 (but not extended to 2022-23). #Budget2022 #WeeklyTaxBulletin

[Stuart Jones @stuartjones_1]

Superannuation contributions cap of $27,500 unchanged for 2022-23 but CGT cap will increase to $1.65m, ETP cap $230,000 #SMSF https://t.co/RMba7LUHWI

[Stuart Jones @stuartjones_1]

Super re-contributions of COVID-19 withdrawals to be denied tax deduction from 1 July 2021 for personal contributions up to total of COVID-19 early release amounts (max $20,000). #WeeklyTaxBulletin https://t.co/nXosaqyvJd

[Stuart Jones @stuartjones_1]

Self-education expenses: $250 threshold for tax deduction to be removed #FederalBudget2021 #WeeklyTaxBulletin

[Stuart Jones @stuartjones_1]

Temporary full expensing tax measure to be extended until 30 June 2023 (was otherwise due to finish on 30 June 2022). #FederalBudget2021 #WeeklyTaxBulletin

[Stuart Jones @stuartjones_1]

Two-year window to convert certain legacy retirement income streams products. Any commuted reserves will not be counted towards individual’s concessional contribution cap. Instead, they will be taxed as an assessable contribution of fund. #FederalBudget2021 #WeeklyTaxBulletin

[Stuart Jones @stuartjones_1]

SMSF residency rules to be relaxed by extending central management and control test safe harbour from 2 to 5 years, and removing active member test. #FederalBudget2021 #WeeklyTaxBulletin

[Stuart Jones @stuartjones_1]

Super Guarantee $450 per month threshold to be removed from 1 July 2022. #FederalBudget2021 #WeeklyTaxBulletin

[Stuart Jones @stuartjones_1]

Superannuation contributions work test to be repealed from 1 July 2022 for those under age 75. Work test will still apply for personal deductible contributions for those 67-74. #FederalBudget2021 #WeeklyTaxBulletin

[Thomson Reuters Tax & Accounting AU & NZ @TaxAcctFirmsANZ]

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#TRSoftwareAssistant #ATO #AccountingFirms #TaxAssistant