WiZDOM Accounting – Budget Update – 28th May 2025

In this session, you’ll get a concise, practical update on the 2025 Federal Budget with Kamal Power from Wizdom Accounting. Kamal breaks down the budget’s key announcements and what they mean for you as an investor, small business owner, or property developer.

What You’ll Learn in This Session:

• Personal Income Tax Cuts: Kamal explains the proposed changes to personal tax rates starting from July 2026 and how they may benefit you over the coming years.
• Instant Asset Write-Off Extension: Discover how small businesses can continue to claim assets under the $20,000 threshold and how this might apply to your business structures.
• Simplified $1,000 Tax Deduction: Learn about a potential future option to claim work-related deductions with minimal paperwork.
• Energy Bill Relief: Find out what rebates are on offer for households and small businesses and how much of a difference they really make.
• Housing Supply Measures and Foreign Investment Ban: Understand the significant move to restrict foreign purchases of existing properties and how this could impact property availability and prices.
• ATO Compliance Focus: Kamal highlights the government’s increased funding to the ATO and what areas are under scrutiny, including timely tax payments and under-reported income.
• Medicare Funding Boost: Hear about the largest investment in Medicare’s history and its potential impact on healthcare access.

Additional Key Takeaways:

Kamal dives deep into how consulting trusts can be used effectively for flipping deals and joint ventures to support your borrowing capacity, particularly when you plan to move away from PAYG income. She also provides practical advice on:

• When and how to use consulting trusts
• Why you should keep long-term investment properties separate from your consulting trust
• How piggy bank trusts work for asset protection
• Best practices for structuring loans and handling property profits

Throughout the Q&A, Kamal answers real-life questions about trust structures, asset ownership, capital gains tax, superannuation changes, and more.

This is an essential webinar if you want to stay informed about the latest budget updates, sharpen your understanding of trust strategies, and ensure you’re setting up your structures in a way that supports both tax efficiency and finance approval.

Press play to hear Kamal’s straightforward, practical advice – it’s packed with valuable insights that can help you make smarter decisions in your investing journey.

Action Items

• Consult with Kamal or the advisory team for specific advice on using a consultancy trust for investment properties
• Speak to Clint and the financial advisory team for guidance on making non-concessional contributions to superannuation to reduce capital gains
• Follow up with Clint from Wizdom Advisory for more information on the proposed tax on self-managed superannuation funds over $3 million.