According to election guru Antony
Green,
the window for the next election starts on Saturday, 3 August 2024, “the first possible date for an election if writs are issued on 1 July.
The election window will stay open until mid-May 2025, the last date being 17 or 24 May.” No doubt, the Government will have the election in
mind when it presents the Budget on 14 May at 7.30pm AEST.
The 2024-25 Federal Budget is the third for the Albanese Government and consistent with previous years, the primary themes are expected to be the cost of living and the economic shift to net zero.
Stay tuned for our insights into the 2024-25 Federal Budget and its implications for you, your business, and your superannuation.
Falling behind on your BAS lodgements looks like an administrative problem. Left long enough, it becomes an expensive one, because the GST you collected stays payable indefinitely while the GST credits you are owed disappear after four years. Here is what that looks like in dollars.
With negative gearing now quarantined for established dwellings, new house and land has become the sensible play for investors — but there is a trap in the first eighteen months. Interest on the land is denied, while interest on the construction is not. If the bank has written one loan, someone has to do the sums. Here is why it pays to split the loan before you sign.
When the draft legislation for the trust minimum tax was released, it came with a reassurance: if you do not want to restructure, you can simply make an election instead — no restructure, and no state stamp duty. That is accurate, but it is also a very small part of the decision. Here is why you should choose your structure for the eventual sale of your business, not for the announcement.
