• early_release_of_SMSF_super

Illegal early release of Superannuation

If you’ve been approached by someone promising to help you access your Self Managed Super Fund early you may wish to talk to your accountant first  ….

The ATO has issued a press release advising that as a self-managed super fund (SMSF) trustee, you must ensure that the member has met a condition of release before […]

August 1st, 2018|Accounting, News, SMSF|
  • rental_property-deductions_tax_2018

Own a rental property in Australia?

Own a rental property in Australia? Check out the ATO’s latest rental properties guide to help you get your tax return right! Click the link below to go straight to the ATO’s latest guide.

If you’re time poor and would prefer to outsource your tax return preparation and lodgement while ensuring you don’t make a mistake […]

July 10th, 2018|News, Planning, SMSF, Tax|
  • 2-things-you-must-do-if-you-have-a-SMSF

Two things you must do if you have a Self Managed Super Fund

Did you know, if you have a Self Managed Super Fund (SMSF)

you must appoint an approved SMSF auditor to audit your fund each year, not later than 45 days before you need to lodge your SMSF annual return. And,
an audit is required even if no contributions or payments are made in the financial […]

May 3rd, 2018|News, SMSF|

How to know if a self managed super fund (SMSF) is for you…

Have you heard the term Self-managed super funds or SMSFs and wondered what it’s all about?

SMSFs are a way of saving for your retirement.

The difference between an SMSF and other types of funds is that the members of an SMSF are usually also the trustees. This means the members of the SMSF run it for […]

April 3rd, 2018|News, SMSF|

How Is My Super Taxed?

For specific advice that suits your specific circumstances talk to our friendly expert Accountants – simply click here to inquire, ask a question or make an appointment.

Tax on contributions
The amount of tax you pay on contributions into your super depends on how much you contribute and when you contribute it.

Your Tax File Number – the key to […]

December 5th, 2016|News, SMSF, Tax, Uncategorized|
  • 2-things-you-must-do-if-you-have-a-SMSF

Government announces superannuation reforms

In early September the Turnbull government released the first tranche of Exposure Draft legislation for superannuation reforms announced in the 2016-17 Budget. There has been a federal election in between, but the Turnbull government has finally released draft legislation of five superannuation reforms that were first mooted in the May budget.

What do the Superannuation Reforms mean […]

November 1st, 2016|SMSF, Uncategorized|

SMSFs and Property Valuations

The requirements for SMSF property valuations can be confusing. This is partly because there are no hard and fast rules. The ATO has produced guidelines but these are open to some interpretation. Factors to consider include the domain expertise of the Trustee, and the expectations of the ATO and Fund Auditor.

Why Assets Need to be […]

October 4th, 2016|SMSF|

3 Smart Tips for Getting Super Stream Ready

Small employers (19 or fewer employees) must meet the Superstream standard by 30th June 2016.

If the only contributions you make are personal contributions for yourself or contributions to a related self-managed super fund (SMSF), you don’t need to use Superstream.
Choose an Option
To use SuperStream, you need to pay super and send employee information electronically. If […]

June 8th, 2016|News, SMSF|