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They Don’t Know What They’re Doing | Federal Budget Rant
Australia’s tax system is getting more complicated, and Kerrod Holland is not holding back.
In this episode of The Account Rant, John sits down with Kerrod Holland to unpack the Federal Budget, negative gearing, CGT changes, first home buyers, business owners, tax rates, wealth building, and whether Australia is making it harder for people to get ahead.
Recorded before all final 2026 Federal Budget details were confirmed. Since then, the Government has announced new tax relief, temporary fuel excise cuts, and proposed changes to negative gearing and CGT. The broader question still stands, has Australia’s tax system become too complicated?
Guest: Kerrod Holland
https://tenexwealth.com.au/
Instagram: https://www.instagram.com/kerrodholland/
LinkedIn: https://au.linkedin.com/in/kerrod-holland-76696b133
Need an accountant or just want to chat about your business?
GET A FREE CONSULTATION FOR ALL ABN HOLDERS 👉 https://forms.zohopublic.com/john205/form/GENERALENQUIRYFORM/formperma/VYEBrsCV_ompEVvnkA0eygWlJxXO5OajFsjjngf_jzw
CHAPTERS
0:00 Federal Budget first reaction
0:11 Why Kerrod thinks the Budget misses the mark
0:27 Negative gearing and investor borrowing capacity
0:49 First home buyers and the 5% deposit scheme
1:40 Could first home buyers fall into negative equity?
2:25 CGT changes and the 50% discount
3:38 Is the middle class being punished?
4:07 Small business owners and upward mobility
4:51 Why income tax rates need a rethink
6:47 The $250 tax relief debate
7:09 Australia’s structural tax problem
8:01 What business owners are saying right now
8:20 Income splitting, family sacrifice, and business ownership
9:47 CGT changes and startup businesses
10:59 Brain drain, entrepreneurs, and moving offshore
12:04 Private equity and investing in Australian founders
13:08 Final verdict on the Budget
The Account Rant is a show where accountants vent on different topics. It is an honest and informal conversation intended for discussion and entertainment only. Views expressed are personal opinions and should not be taken as professional advice. Any examples, numbers, or figures mentioned may be inaccurate or simplified and should not be relied on.
Stop guessing with your taxes. Whether you are a sole trader or a company, let’s get your strategy sorted before the ATO sends that scary letter.
OUR SERVICES 👉 https://latitudeaccountants.com.au/accounting-services/
For any business enquiries, reach out to: [email protected]
Follow us
TikTok: https://www.tiktok.com/@latitudeaccountants
Instagram: https://www.instagram.com/latitudeaccountants
Website: https://latitudeaccountants.com.au/
Disclaimer: This video is for educational and entertainment purposes only and does not constitute formal financial, business, or tax advice.
View all episodes
By Latitude AccountantsAustralia’s tax system is getting more complicated, and Kerrod Holland is not holding back.
In this episode of The Account Rant, John sits down with Kerrod Holland to unpack the Federal Budget, negative gearing, CGT changes, first home buyers, business owners, tax rates, wealth building, and whether Australia is making it harder for people to get ahead.
Recorded before all final 2026 Federal Budget details were confirmed. Since then, the Government has announced new tax relief, temporary fuel excise cuts, and proposed changes to negative gearing and CGT. The broader question still stands, has Australia’s tax system become too complicated?
Guest: Kerrod Holland
https://tenexwealth.com.au/
Instagram: https://www.instagram.com/kerrodholland/
LinkedIn: https://au.linkedin.com/in/kerrod-holland-76696b133
Need an accountant or just want to chat about your business?
GET A FREE CONSULTATION FOR ALL ABN HOLDERS 👉 https://forms.zohopublic.com/john205/form/GENERALENQUIRYFORM/formperma/VYEBrsCV_ompEVvnkA0eygWlJxXO5OajFsjjngf_jzw
CHAPTERS
0:00 Federal Budget first reaction
0:11 Why Kerrod thinks the Budget misses the mark
0:27 Negative gearing and investor borrowing capacity
0:49 First home buyers and the 5% deposit scheme
1:40 Could first home buyers fall into negative equity?
2:25 CGT changes and the 50% discount
3:38 Is the middle class being punished?
4:07 Small business owners and upward mobility
4:51 Why income tax rates need a rethink
6:47 The $250 tax relief debate
7:09 Australia’s structural tax problem
8:01 What business owners are saying right now
8:20 Income splitting, family sacrifice, and business ownership
9:47 CGT changes and startup businesses
10:59 Brain drain, entrepreneurs, and moving offshore
12:04 Private equity and investing in Australian founders
13:08 Final verdict on the Budget
The Account Rant is a show where accountants vent on different topics. It is an honest and informal conversation intended for discussion and entertainment only. Views expressed are personal opinions and should not be taken as professional advice. Any examples, numbers, or figures mentioned may be inaccurate or simplified and should not be relied on.
Stop guessing with your taxes. Whether you are a sole trader or a company, let’s get your strategy sorted before the ATO sends that scary letter.
OUR SERVICES 👉 https://latitudeaccountants.com.au/accounting-services/
For any business enquiries, reach out to: [email protected]
Follow us
TikTok: https://www.tiktok.com/@latitudeaccountants
Instagram: https://www.instagram.com/latitudeaccountants
Website: https://latitudeaccountants.com.au/
Disclaimer: This video is for educational and entertainment purposes only and does not constitute formal financial, business, or tax advice.