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Div 7A or deemed dividend payments may be familiar to you if you’re the shareholder or associate of a private company. It generally applies to treat a benefit provided by a private company to the shareholder or associate as a deemed dividend, which is then taxed at the recipients’ marginal tax rates. The government has now proposed to make changes to Div 7A after a review found the rules may be too complex and place an unnecessary administrative burden on taxpayers.
Read MoreThe government is acting to simplify the Division 7A rules that govern deemed dividends, proposing a new 10-year loan model for compliant loans. Significantly, companies with existing loans would be forced to transition to the new model, which also includes a considerably higher benchmark interest rate.
Read MoreOver the last few months, several proposals regarding small and medium businesses, primary producers and farmers, consumers, aged care and education have moved through the Federal Parliamentary Process and become enshrined in law.
Read MoreInflation remains subdued globally; previously this was seen as reflecting changed market structures, increasingly the current lack of inflation pressures is being linked to weaker growth. Monetary authorities in developed markets left official interest rates unchanged but the Bank of Japan has increased its quantitative easing with growth and inflation still significantly below target.
Read MoreMindfulness isn’t often a word associated with money, but being mindful is a skill and practice that holds many benefits when it comes to managing your finances in a more clear, intentional and purposeful way.
Read MoreProposed changes to the tax laws on loans from private businesses could result in double taxation and hamper companies’ ability to reinvest in the business, critics have warned …
Read MoreWorld equity markets in calendar 2018 have gone through various mini-cycles with periods of subdued investor confidence alternating with periods of renewed optimism. Over recent weeks, investors have primarily been focussing on two main concerns …
Read MoreOver the last decade, Australia’s interest-rate environment has been great for borrowers, but increasingly more challenging for savers – particularly those who prefer to hold substantial portions of their savings in low-risk savings options like savings accounts and term deposits.
Read MoreAged care can be a tough subject for many families to broach, but as we enjoy longer lives, there’s a growing likelihood that at least part of our final years will be spent in formal care.
The decision to move into aged care doesn’t just come with a raft of emotional issues. There are also financial considerations. That’s because nursing home accommodation can involve substantial costs, especially for self-funded retirees.
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