June 2018 Newsletter

June 2018 Newsletter

Welcome to our ‘Budget and End of Year Newsletter’. We have endeavoured to
cover the relevant changes that could have some impact on your tax planning or
financial decisions. Please contact either myself, Brenden, Karyn or Susan to
discuss any matter on which you need some clarification or extra information. We
are only a phone call or email away.
Well the dust has settled since the handing down of the Federal Budget for
2018/19, but the tax debate between the major political parties continues. In order
to plan for the future, you need to be aware of the more significant differences.
There are major differences in company tax policy and personal tax issues. One
of the critical differences effects retirement planning. The Alternative Government
has recently announced a tax policy surrounding the issue of franking credits.
Under their plan, excess franking credits will be denied to non-taxable selfmanaged
superannuation funds (SMSF) and people who are assessed as nontaxable.
This will distort investment opportunities available to SMSF and lowincome
Australians.

how can we help you?

Contact us at Geraghty Accountants by calling
(07) 3256 2544
or submit a business inquiry online.