Bestfound Accounting & Tax Consulting in West Ryde | Business consultant

Bestfound Accounting & Tax Consulting

Locality: West Ryde

Phone: +61 2 8541 3147

Address: Suite 5 /1017-1019 Victoria Rd 2114 West Ryde, NSW, Australia

Website: http://www.bftaxsyd.com/

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14.01.2022 2016/17 Federal Budget By Luis Batalha, Director & the batallion legal team 5 May 2016... Perhaps unsurprisingly, the focus of the 2016/17 Federal Budget is on superannuation and its taxation. The budget addresses the perception, or possibly the misconception, that the superannuation system is being abused by high net worth individuals. Thus, various measures designed to curb the extent of contributions made by individuals and reducing or eliminating the tax concessions applicable to the payment of benefits were announced. Balanced against the budget’s new superannuation measures, were some sweeteners, such a reduced corporate tax rate, a higher small business threshold for some purposes and a reduced tax rate for middle-income earners.

13.01.2022 2016/17 Federal Budget By Luis Batalha, Director & the batallion legal team 5 May 2016... Perhaps unsurprisingly, the focus of the 2016/17 Federal Budget is on superannuation and its taxation. The budget addresses the perception, or possibly the misconception, that the superannuation system is being abused by high net worth individuals. Thus, various measures designed to curb the extent of contributions made by individuals and reducing or eliminating the tax concessions applicable to the payment of benefits were announced. Balanced against the budget’s new superannuation measures, were some sweeteners, such a reduced corporate tax rate, a higher small business threshold for some purposes and a reduced tax rate for middle-income earners.

12.01.2022 http://www.abc.net.au//malcolm-turnbull-to-back-do/7420102 Backpacker Tax, which was to be commenced from 1 July 2016, has been delay by approximately 6 months. The Coalition said the review will report back in mid-October, allowing for its recommendations to begin by January 1.

10.01.2022 - - - - - GST / BAS ... - TFN / ABN - / - SUPER FUND & TRUST . KAKAO TALK : bestfound TEL : 0433 942 298 E-mail: [email protected] Address : Suite 5 / 1017-1019 Victoria Rd, West Ryde NSW 2114

09.01.2022 - - - - - GST / BAS ... - TFN / ABN - / - SUPER FUND & TRUST . KAKAO TALK : bestfound TEL : 0433 942 298 E-mail: [email protected] Address : Suite 5 / 1017-1019 Victoria Rd, West Ryde NSW 2114

05.01.2022 The superannuation measures in this year’s Federal Budget are rather unfortunate. The measures appear to have been introduced by a Government, out of fear of its opponents. The measures are ill-considered and have been rushed, due to the negative publicity surrounding the (supposed) accumulation of superannuation by the wealthy. While in the short term, the superannuation measures introduced may serve to weaken public opposition to superannuation and its abuse, ultimately the...y will only hamper the growth of private savings in Australia. By discouraging individuals from saving for their own retirement the Government is only providing a greater incentive for individuals to rely on the age pension from the Government. With an increasingly ageing population, one can only question the efficacy of such measures. Public debt will only continue to rise further, in the future if the Government introduces any perceived or actual disincentives for private saving. Private saving, particularly for retirement, ought to be encouraged, not dampened. See more