Superfund, trust, sole traders now has to pay monthly tax .....that sound like fun
What is that one about, Roe?
That wasn't my understanding of what the Treasurer said, with respect to SMSFs. I may have misinterpreted what I heard where I didn't hear SMSFs mentioned at all. I didn't listen to all of his speech, so if you could give us a link to the advice that SMSFs are going to have to provide monthly tax returns, that would be appreciated.Superfund, trust, sole traders now has to pay monthly tax .....that sound like fun
That wasn't my understanding of what the Treasurer said, with respect to SMSFs. I may have misinterpreted what I heard where I didn't hear SMSFs mentioned at all. I didn't listen to all of his speech, so if you could give us a link to the advice that SMSFs are going to have to provide monthly tax returns, that would be appreciated.
It sounds completely unbelievable and absolutely impractical to me.
Superfund, trust, sole traders now has to pay monthly tax .....that sound like fun
ALP guys are either lawyers or Union hacks.
Never been in business,
Monthly tax returns is the abolition of SMSFs by stealth.
Muppets.
gg
Its hard to blame but treasury really ****ed up the forecasts.....
Let compared ALP to average Joe..
Joe earns $100,000 under Howard years, he spend 80k and has 20k left over
Then Aunty Gillard and Uncle Swan came for a visit
he feel empowered and start spending 100k a year
He get pay increase of 3-6% a year but Uncle Swan think he can get 10% a year..
So why settle for 3-6%
So instead of spend 80k to 100k a year he went and spend 120k a year and said
I am so good even with that much money spent I will still have some left over
And if I cant do it I am not fit to govern my own finance....
Then the world sneeze and he only get 103k a year, still better than under Howard years,
but he in 17k in debt at the end of the year and he blame he Has one in 50 years salary cut -
some other thing outside his control
But all along it is within his control to spend less than 100k
And that is how life works under labor....
Superfund, trust, sole traders now has to pay monthly tax .....that sound like fun
Typical ALP.
Putting extra accountancy costs on savers.
I will now have to pay x 12 times my costs to my accountant for my SMSF return.
Idiots.
gg
That wasn't my understanding of what the Treasurer said, with respect to SMSFs. I may have misinterpreted what I heard where I didn't hear SMSFs mentioned at all. I didn't listen to all of his speech, so if you could give us a link to the advice that SMSFs are going to have to provide monthly tax returns, that would be appreciated.
It sounds completely unbelievable and absolutely impractical to me.
I've done some digging to find details about this, not having heard SMSFs mentioned at all during the Treasurer's speech.I got it from abc24 no details just
Superfunds, family trust, sole traders and large investors pay monthly tax...
I am sure afr will have details tomorrow
In a bid to offset the shortfall, pay-as-you-go (PAYG) income tax instalments will shift from quarterly payments to monthly and will be extended to include all large entities in the PAYG system including trusts, superannuation funds, sole traders and large investors. The government expects the measure to net $1.4 billion in tax receipts over the forward estimates period (BUDGET 2013: Fiddles play a two-part tune, May 14).
Read more: http://www.businessspectator.com.au...013-corporates-fill-budget-hole#ixzz2TGZpesoN
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