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Labor’s franking credit policy

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The current dividends taxation system ensures company dividends received by Australian resident shareholders are taxed under a system known as ‘imputation’, meaning taxes paid by companies are allocated to shareholders by way of franking credits attached to dividends. So, for instance, if you receive a franked dividend, you may be entitled to a franking tax offset and refund. However, a new proposal has been recently proposed to change this!

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Are you being sold SMSF vapourware ?

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Time and time again I see organisations marketing vapourware. For those of you who don’t know what vapourware is, it is software that does not exist. It is promoted through screenshots and other associated rubbish.

Well it looks as though this is creeping back into SMSF marketing. People are being shown screen shots of software that does not exist – or if it does exist, it is in a development environment – not a production environment and who knows when it will be available for use.

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