As Parliament looks to introduce new company tax law, what will it mean to your business?

Tax expert Michael Jones explains the current two-step process in determining your company tax rate. He says the draft legislation is redefining those two steps. For example, the new rules examine how much of your company’s income is passive, which warrants a closer inspection on what “passive” means.

Audio by Business Essentials. For more business interviews please visit http://www.be.com.au/business-essentials-audio-programs