Tax cuts for small business have been accelerated and will drop to 26% in 2020-2021 from 27.5% currently. It will then drop a further 1% to 25% in 2021-2022. Of course, there are eligibility requirements to qualify for these tax cuts. In order to qualify a business needs to be a ‘Base Rate Entity’ (BRE) which means companies with an aggregated turnover of up to $50 million. Additionally no more than 80% of the income can be passive in nature. Put simply passive income is thin

The TAXCHIC’s two bobs worth on the current stock market… Any good Adviser worth his salt will give you the short answer – No! For the long answer, grab a cuppa and read on… As we slide our way into 2019, the 10-year bull market continues its long run which can be a trap for young players. It’s a common move for many investors, especially first-timers, to get caught up in the hype, follow the herd and start to sell down even though we’ve had good solid returns. This is becaus