What's New @ Dewings?

When a rate cut might be a two-edged sword

It had been our intention to provide some clarity on the practical implications of the company tax rate cuts, including the impact on franking credits, but there has been so much uncertainty about how these cuts are to be implemented that we had to keep putting this issue on hold and re-writing it as more information came to hand. Even now the landscape ahead is far from clear, and we've considered numerous theoretical instances over the last few months where the implications for a company would be, at best, difficult to determine. At the very least, most companies that have retained earnings and receive the benefit of the tax cut will be penalised with a hit to their franking account.

You can read the full version here.

Posted: December 05, 2017 | 0 comments


2017-18 Federal Budget

Our approach to reviewing the Budget highlights each year has always been to focus on the impact for small-medium business owners. This year however, the way in which this Budget is received by people in business will really depend on their own outlook.

There's very little in the Budget of any consequence for business. If you're a glass half-full person, that may be a relief. For the first time in a long time, there's no changes in tax rates, the heretofore perennial undermining of retirement confidence has abated, and there are few other measures that might negatively affect business owners. If you're a glass half-empty person though, no news for business may well be bad news, with only minor assistance measures and no wider structural reform.

You can read our review here.

Posted: May 11, 2017 | 0 comments


Company tax rate cut - what does it mean for small business.....and the economy?

The Government has managed to get a modified version of its proposed cuts to the compay tax rate through the Senate. One element of the new measure will certainly be good for small to medium businesses, but the significance of the overall economic impact is a little more grey.

You can read the full details here.

Posted: May 11, 2017 | 0 comments


Super shake-up gets green light

The Governments re-shaped Budget superannuation proposal has successfully passed through both houses of Parliament. The result will be some of the biggest changes in superannuation since 2007.

You can read the full details here.

Posted: December 06, 2016 | 0 comments


Government U-turn on proposed superannuation changes

In breaking news last week, the Government emerged from a party room meeting to announce that it would compromise on a number of its Budget proposals for Superannuation, in an attempt to make them more palatable and secure passage through the Senate. We have taken a closer look at these compromises.

You can read the full version here.

Posted: September 22, 2016 | 0 comments


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