Show Notes
Welcome back to The CEO Breakdown with John Saade.
This week, John breaks down the biggest stories in Australian property, tax, finance and business.
Interest rates are on hold, but the RBA has made it clear more hikes are still possible. John explains why mortgage holders may have some relief, but why this is not the all clear just yet.
He also reacts to 40 year mortgages entering the Australian market, and why a smaller monthly repayment could come with a massive long term cost.
John looks at the latest Cotality housing charts, including what a 5 percent, 10 percent, 15 percent or 20 percent property decline could mean for major capital city markets, especially Sydney and Melbourne.
He also covers the rise of ETF investing as property slows, whether super funds and institutions entering build to rent could change the future of Australian housing, and why family taxation in Australia may be unfair to single income households.
To finish, John runs through the Australian tax fraud tier list, ranking everything from fake GST claims and phoenixing to dodgy donation claims, family holidays disguised as business trips, ordinary clothing claims, director loans and genuine deductions.
This episode covers:
Interest rates on hold 40 year mortgages Property market declines Sydney and Melbourne housing data ETF inflows Build to rent and super funds Family tax fairness Rich Australians paying no tax Private ancillary funds Australian tax fraud tier list
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The CEO Breakdown is a weekly business, tax and finance show by Latitude Accountants, hosted by John Saade.
This content is general information only and does not constitute financial, legal or tax advice. Please speak with a qualified adviser about your own circumstances.
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Running your business through a company can be a great structure, but using that company incorrectly can create tax problems you never expected.In this video, Jacob Fahmy breaks down five of the biggest tax mistakes he sees company owners make, including treating company money like personal money, paying super late, buying vehicles through the company without considering FBT, ignoring ATO lodgements and leaving tax planning until after the financial year has ended.Jacob explains how Division 7A can apply when company money is taken personally, why unpaid super can create additional costs and director consequences, and why putting a car through the company does not automatically make it a good tax strategy.He also explains why lodging your BAS on time matters even when the company cannot immediately pay the debt, and why proper tax planning needs to happen before 30 June while there are still decisions available to you.The key takeaway is simple: having a company does not automatically mean you have a good tax structure. You still need to understand how money comes out of the company, when your obligations are due and the tax consequences of the decisions you make.Need an accountant?GET A FREE CONSULTATION FOR ALL ABN HOLDERShttps://forms.zohopublic.com/john205/form/GENERALENQUIRYFORM/formperma/VYEBrsCV_ompEVvnkA0eygWlJxXO5OajFsjjngf_jzwOUR SERVICEShttps://latitudeaccountants.com.au/accounting-services/[email protected]://www.tiktok.com/@latitudeaccountantsInstagramhttps://www.instagram.com/latitudeaccountants/YouTubehttps://www.youtube.com/@LatitudeAccountantsLinkedInhttps://www.linkedin.com/company/latitude-accountants/Facebookhttps://www.facebook.com/latitudeaccountants/Websitehttps://latitudeaccountants.com.au/This content is general information only and does not constitute financial, tax, accounting, legal, property or business advice. Speak with a qualified adviser about your own circumstances.#CompanyTax #Division7A #FBT #ATO #BusinessTax #TaxTips #Accountant #LatitudeAccountantsChapters00:00 5 Company Tax Mistakes00:42 Mistake 1: Treating Company Money as Your Own03:02 Mistake 2: Paying Super Late04:52 Mistake 3: Putting Your Car in the Company07:12 Mistake 4: Ignoring ATO Lodgements09:00 Mistake 5: Not Tax Planning10:49 How to Avoid These Tax Problems11:38 What’s Coming Next
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