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From Forbes Advisor Australia 🇦🇺: With changes to the Stage 3 tax cuts announced in January, it's worth taking a look at the current tax brackets for this financial year to better understand how you'll be taxed in the future. 👉 https://lnkd.in/exTdnKzf

Stay Ahead of Tax Policy Trends in 2024! As we step into the new year, it's vital for businesses to anticipate and adapt to upcoming tax policy shifts. Here's a glimpse of what's on the horizon: 1️⃣ OECD’s Pillar Two: Expect complex tax rate calculations and significant impacts on finance operations. Prepare now for changes set to roll out in Q1. 2️⃣ Green Tax Credits: The expanded IRA brings new opportunities. Stay agile to maximize incentives as the market evolves. 3️⃣ Corporate Alternative Minimum Tax: Navigating AFSI computations presents challenges. Brace for ongoing complexities in 2024. 4️⃣ R&D Incentives: While innovation remains a priority, tax rules are evolving. Keep tabs on IRS updates for crucial insights. In a landscape ripe with potential shifts, staying informed and adaptable is key to thriving in the year ahead. #TaxPolicy #BusinessStrategy #2024Outlook 🌟

Tax and super changes for the new financial year The tax cuts introduced from July 1 and other changes may mean it’s time for a review of your current tax, super and investment strategies to make sure you’re maximising the benefits. Read More: https://lnkd.in/gZj2YpCH

Are you ready for the changes coming in the 2024/25 tax year? According to an AJ Bell report, over 1 million investors could be hit with a Dividend Tax bill for the first time. To find out if you could be affected, and discover some steps you could take to mitigate a tax charge, read our latest blog, linked below. https://lnkd.in/eTamhRbM

With the Tax Cuts and Jobs Acts set to expire at the end of 2025, investors may want to consider how they can take advantage of the lower tax brackets. This strategy is one way to do so. https://lnkd.in/gknzJrz

With the Tax Cuts and Jobs Acts set to expire at the end of 2025, investors may want to consider how they can take advantage of the lower tax brackets. This strategy is one way to do so. https://lnkd.in/gknzJrz

Do you know about the upcoming Stage 3 tax changes? Upcoming tax rate adjustments, effective July 1, 2024, will primarily impact incomes below $45,000. While billed as inflation-easing measures, these changes may result in increased taxes for many who sit in a higher tax bracket. Some things to consider: - Earnings up to $45,000 may see tax rates drop from 19% to 16%. - New tax brackets will introduce a 30% rate for earnings up to $135,000. - The highest earners remain at a 45% rate. This underscores the dynamic nature of tax systems and the importance of professional guidance to optimise your personal outcomes. Understanding these changes is crucial for personal and business financial planning. How will these adjustments affect you? Let's strategise your next financial steps. Reach out today. Expert Business and Tax Advisors: We work for YOU, not the ATO! #sphere #sphereaccounting #morningtonpeninsula #accountingservices #taxagents #accountingsolutions #BusinessSupport #SphereDifference

More than 1 million investors will be hit with a Dividend Tax bill for the first time in the 2024/25 tax year, according to an AJ Bell report. Read on to find out if you could be affected and discover some of the steps you could take to mitigate a tax charge. https://ow.ly/MTUa50QQBKa

Navigating Capital Gains Tax Changes for 2024-2025: What You Need to Know The upcoming changes in Capital Gains Tax for 2024-2025 bring both opportunities and challenges for investors and businesses. With the tax rate adjustments, it's essential to stay informed and prepared. Previously, the long-term capital gains tax rate was 15% for higher-income brackets, but for 2024-2025, it will increase to 20%. Short-term capital gains, which were taxed at ordinary income rates up to 35%, will now be taxed up to 37%. Join us as we delve into the key changes, their implications, and strategic approaches to optimize your tax planning in the coming year. #CapitalGainsTax #TaxPlanning #InvestmentStrategy #FinancialPlanning #2024Updates #TaxAdvice

More than 1 million investors will be hit with a Dividend Tax bill for the first time in the 2024/25 tax year, according to an AJ Bell report. Read on to find out if you could be affected and discover some of the steps you could take to mitigate a tax charge. https://ow.ly/MTUa50QQBKa