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Be Better Off Show By Kelly PartnersAuthor: KellyPartners
The Be Better Off Show is all about inspiring people to have healthier, wealthier and wiser lives. Hosted by CEO of ASX listed Kelly Partners, author, speaker and all round great guy Brett Kelly, this show is breaking the mould of the traditionally held view that "accounting is boring!" For our team at Kelly Partners, this show is about helping people be better off in all aspects of their everyday life. Language: en Contact email: Get it Feed URL: Get it iTunes ID: Get it Trailer: |
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075 - Brett Kelly, Tony Nunes and Lishi Huang | Be Better Off Show | 2024-25 Federal Budget Analysis
Episode 75
Wednesday, 15 May, 2024
The Federal Treasurer, Dr Jim Chalmers handed down his third Federal Budget at 7:30PM (AEST) on 14 May 2024. In this episode of the Be Better Off Show, hear from Brett Kelly and the Kelly+Partners Tax team as they unpack the key takeaways from the Federal Budget. The two biggest drivers this year underpinning the Federal Budget are cost-of-living pressures and inflation. As such, it was never going to be a big-spending budget that handed out significant tax incentives that could over-stimulate the economy. This Budget has seen the implementation of previously introduced measures, in particular: The stage 3 tax cuts; and The $20,000 instant asset write-off for small business. The Budget also continued the government's focus on tax compliance by giving the ATO further funds to continue its existing programs. Non-residents have also been targeted, with measures being announced that affect significant global entities and non-residents making Australian capital gains. Show notes: 0:06 - Introduction 0:47 - Initial impressions 3:15 - Stage 3 tax cuts 5:00 - Medicare levy threshold 5:27 - Business finance 6:28 - Foreign multinationals 9:17 - Instant asset write off 10:30 - Foreign residence CGT regime 12:57 - What's not in the budget
