Knowing what assets your Self Managed Superannuation Fund (SMSF) can own is an important part of being a fund trustee. You should also know what assets your fund can acquire from you or related parties. THE NEW RULES. New rules recently introduced may give more scope for your SMSF to borrow funds to acquire these […]
Is your business part of the conversation? As the use of social media amongst consumers explodes (even one of our 70 year old clients is on Facebook), businesses everywhere have tried to figure out how to capitalise on this phenomenon. 9 MILLION AHEAD. Some have been very successful, case in point – Dell. In the […]
One common tip around the end of year tax time is to transfer assets from outside super into a Self-Managed Super Fund (SMSF). Those who own business real property or shares listed on ASX have the option of moving them into their SMSF. This is a useful strategy to move the rental income from individuals […]
Superannuation If not yet retired, earnings on superannuation investments are taxed at 15%. It is worth considering making super contributions as part of your tax strategy. Not only will you be saving tax you will also be saving for your retirement. Salary sacrifice contributions If your marginal tax rate exceeds fifteen percent, making contributions to […]
Superannuation issues are some of the most important considerations that taxpayers should be aware of. One such issue is the danger of super contributions exceeding the contributions cap. The contributions caps are $25,000 for taxpayers below 50 years of age and $50,000 those over 50. If the contributions that are claimed as deductible exceed these […]
The end of the financial year is approaching, and it is important to be prepared. This will ensure there are not any nasty surprises and as much cash as possible can be protected. Here are some tips to keep in mind: 1. Personal Expenses Be careful to ensure that any interest on loans for investment […]
The FBT year runs from 1 April to 31 March. FBT is one of those areas that many employers struggle with; not because the tax is complex but because of the level of detail required to fulfil your obligations. How do I know if I need to pay FBT? Here are some key questions you […]
Picture this. You have what you think is a great idea for a new business and have told a couple of family members or friends. They slap you on the back, feed your ego and tell you it sounds like a winner. Sound familiar? But does the new business idea really have a good chance […]
It can be lonely at the top. Even if, by the “top,” it’ is simply heading up a one-person or brand-new business. That is why many great companies were started by partners. Find out four important things you must consider before entering into a partnership. With a partner, there is always someone to share the […]
As we approach the holiday season, our thoughts turn to the things that matter most – family, friends, fun and freedom. Make sure you’re protecting what’s important. Learn about the different types of covers that can protect you and your family: Life cover – also known as term life insurance or death cover, pays a […]
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