Federal Budget Explained, What It Means For Everyday Aussies

John Saade joined Arvos with Adam Peacock on SEN 1170 to break down the Federal Budget and what it could mean for everyday Australians, small business owners, investors and taxpayers.In this segment, John discusses the impact of the Budget on capital gains tax, family trusts, small business structures, tax planning, Payday Super, cash flow and why business owners should avoid making emotional decisions before the legislation is finalised.The key message is simple, do not panic, do not rush into selling assets or changing structures, and speak to your accountant before making any major financial decisions.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_jzwCHAPTERS0:00 What does the Federal Budget actually mean?0:24 Does the Budget help or hurt everyday Australians?0:35 Capital gains tax, small business and trusts0:50 Tax relief for everyday workers1:05 Why changes may not hit your pocket straight away1:13 Reviewing investment and business structures1:32 When could the Budget changes take effect?2:22 Biggest takeaway for small business owners2:30 Why you should not rush into changes2:38 Capital gains tax and investment property concerns2:49 Waiting for the final legislation2:57 Why trusts may start to fade away3:16 Holding companies explained3:28 The biggest mistake people make after a Budget3:52 Do not react emotionally4:00 Focus on the controllables4:28 Payday Super changes from 1 July4:42 Why cash flow planning matters4:51 Tax planning before 30 June5:07 Free consultations for ABN holdersStop 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/Disclaimer: This video is for general information and educational purposes only. It does not constitute formal accounting, tax, business or financial advice. Please speak to your accountant about your specific circumstances.