Tax update September 2014
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  Running Time: 7:17 Date: 01/09/2014 Michael Jones reviews the tax laws that have come into effect since the Federal Budget in May. Armed with his list of tax changes already passed into law, Michael Jones, of Cummings Flavel McCormack, begins with some bad news - the budget repair levy has been introduced, with the highest marginal tax rate now sitting at 49% when you include the increase in the Medicare levy. But, Michael reminds us, it's only a temporary tax…or is it? Plus, look out for a whole new regime for penalties introduced by the ATO if you get things wrong. Topics: Accounting & Tax, Financial Management |
 Michael Jones, Cummings Flavel McCormack |