CEO Explains What The New Tax Changes Mean

Welcome to Episode 3 of The CEO Breakdown with John Saade.In this episode, John breaks down the fallout from the Federal Budget and what the proposed tax changes could mean for everyday Australians, investors, small business owners and accountants.John covers ASIC style notices sent to business owners, negative gearing changes, CGT changes, pre 1985 assets, small business CGT concessions, the proposed $250 Working Australians Tax Offset, the proposed $1,000 standard deduction for work related expenses, and what the new Treasury bill may mean if it becomes law.He also responds to viewer comments and questions from the last episode, including family trusts, 47% tax concerns, property affordability, first home buyers, stamp duty, Australia’s complicated tax system, and whether these changes will really help everyday Australians.If you have a question for John, leave it in the comments and we may answer it in the next episode.Need an accountant or just want to chat about your business?GET A FREE CONSULTATION FOR ALL ABN HOLDERS 👉 https://forms.zohopublic.com/john205/form/GENERALENQUIRYFORM/formperma/VYEBrsCV_ompEVvnkA0eygWlJxXO5OajFsjjngf_jzwStop guessing with your taxes. Whether you are a sole trader or a company, let’s get your strategy sorted before the ATO sends that scary letter.OUR SERVICES 👉 https://latitudeaccountants.com.au/accounting-services/For any business enquiries, reach out to: [[email protected]](mailto:[email protected])Follow usTikTok: https://www.tiktok.com/@latitudeaccountantsInstagram: https://www.instagram.com/latitudeaccountantsWebsite: https://latitudeaccountants.com.au/Videos reviewed in this episode:Sam Gordon Propertyhttps://www.instagram.com/reel/DYPI0RBJSiY/?igsh=aWxiZTExMXNqbXo1Brittney Saundershttps://www.instagram.com/reel/DYV6xgzP_IG/?igsh=djY4Y3RjcWZ4aWhtOriginal audio and video content belongs to the respective creators. This episode includes commentary and discussion for educational and informational purposes.Disclaimer: This video is for general information and educational purposes only. It does not constitute formal accounting, tax, business or financial advice. The Budget measures discussed may be proposed, subject to change, or not yet law. Please speak to your accountant about your specific circumstances.