Superannuation

/Superannuation

Why your Self Managed Super Fund needs to comply

By |2020-03-12T14:45:45+11:00February 27th, 2020|Accounting, Small Business, SMSF, Superannuation, Tax|

To maintain the benefit of concessional tax treatment, it is important for a self managed superannuation fund to be a complying fund ie it complies with all the necessary superannuation and tax laws.  If the fund loses its status as a complying fund it can result in both financial and administrative penalties being imposed by [...]

Understanding Your Preservation Age

By |2019-10-24T12:11:23+11:00November 1st, 2019|Accounting, SMSF, Superannuation, Tax|

What is your preservation age and what does it mean for you? There is a misconception out there that everyone’s preservation age is 55, however as of 2015 this has changed.  A person’s preservation age is now dependent on their date of birth, the table below details how to determine your preservation age. Date of [...]

Your Knowledge Update -September 2019

By |2019-09-09T14:32:14+10:00September 9th, 2019|Accounting, Small Business, SMSF, Superannuation, Tax|

Inside this month's Your Knowledge Update, the ATO is clamping down on undisclosed foreign income, what rental property expenses you can and can't claim and ATO concerns about the lack of diversity with SMSF investment strategies. Download this month's issue here - Your Knowledge Update - September 2019. rent online concept, woman using internet website for [...]

Your Knowledge Update -August 2019

By |2019-08-08T17:13:24+10:00August 8th, 2019|Accounting, Small Business, Superannuation, Tax|

Inside this month's Your Knowledge Update, confusion over the personal income tax changes and what you are really entitled to, why the Government does not want your business accepting cash payments of $10,000 or more, the tax treatment of compensations from financial institutions, and FBT and ride sharing services. Download this month's issue here - [...]