Government changes ‘strong argument’ to cut SMSF levy

From

Recent Government measures that oversaw the clearing of a backlog of tax amendments should allow the SMSF levy to be reduced substantially in the May Budget, says Jordan George, Senior Manager,

continue reading

Solid improvement in Federal Budget

From

The underlying budget deficit for the twelve months to May stood at $34.1 billion – the lowest result in almost three years (33 months). The deficit has improved by 45

continue reading

FPA encourages tax deduction of financial advice fees

From

The FPA submission to the federal budget 2012-13 has outlined key recommendations to improve access to financial advice to all Australians, such as a tax deduction of fees. Dante DeGori,

continue reading

Budget deficit soars to near record high

From

Federal budget The underlying budget deficit deteriorated in January and now stands just shy of record highs. In the 12- months to January, the budget deficit totalled $62.3 billion, an

continue reading

Budget outcome: Better than expected… again

From

Federal budget update The Federal Budget deficit stood at $54.8 billion in 2009/10 (4.2 per cent of GDP), an improvement of $2.3 billion on the estimate made just four months

continue reading