They Don’t Know What They’re Doing | Federal Budget Rant

Australia’s tax system is getting more complicated, and Kerrod Holland is not holding back.In this episode of The Account Rant, John sits down with Kerrod Holland to unpack the Federal Budget, negative gearing, CGT changes, first home buyers, business owners, tax rates, wealth building, and whether Australia is making it harder for people to get ahead.Recorded before all final 2026 Federal Budget details were confirmed. Since then, the Government has announced new tax relief, temporary fuel excise cuts, and proposed changes to negative gearing and CGT. The broader question still stands, has Australia’s tax system become too complicated?Guest: Kerrod Hollandhttps://tenexwealth.com.au/Instagram: https://www.instagram.com/kerrodholland/LinkedIn: https://au.linkedin.com/in/kerrod-holland-76696b133Need 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 Federal Budget first reaction0:11 Why Kerrod thinks the Budget misses the mark0:27 Negative gearing and investor borrowing capacity0:49 First home buyers and the 5% deposit scheme1:40 Could first home buyers fall into negative equity?2:25 CGT changes and the 50% discount3:38 Is the middle class being punished?4:07 Small business owners and upward mobility4:51 Why income tax rates need a rethink6:47 The $250 tax relief debate7:09 Australia’s structural tax problem8:01 What business owners are saying right now8:20 Income splitting, family sacrifice, and business ownership9:47 CGT changes and startup businesses10:59 Brain drain, entrepreneurs, and moving offshore12:04 Private equity and investing in Australian founders13:08 Final verdict on the BudgetThe Account Rant is a show where accountants vent on different topics. It is an honest and informal conversation intended for discussion and entertainment only. Views expressed are personal opinions and should not be taken as professional advice. Any examples, numbers, or figures mentioned may be inaccurate or simplified and should not be relied on.Stop 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] usTikTok: https://www.tiktok.com/@latitudeaccountantsInstagram: https://www.instagram.com/latitudeaccountantsWebsite: https://latitudeaccountants.com.au/Disclaimer: This video is for educational and entertainment purposes only and does not constitute formal financial, business, or tax advice.