There are both legal and tax implications to be considered when former partners in a SMSF decide to split after the breakdown of the relationship. It is possible to transfer assets, such as property, from one super fund into another; however, there are four things individuals need to consider: 1. Separating couples need to work […]
The Federal Government has introduced changes to the superannuation system designed to make Australia’s superannuation system stronger and more efficient. These reforms are called Stronger Super and have been introduced following a Government review of the country’s superannuation system in 2009. A variety of recommendations were made in 2010, and the first changes have been […]
It is quite common for parents to consider inviting their children to join their DIY super fund. Although only about 10 per cent of DIY super funds have more than two members, there are a number of benefits in including children in the family super fund. There are financial benefits to including children in a […]
As some Australians get older and begin to approach retirement they may face the challenge of finding a suitable person to look after their retirement assets. This issue highlights the possibility that many DIY super funds could have a use-by-date. As Australians become older many may no longer have the interest, desire and eventual ability […]
BRUSH UP ON ORGANISATIONAL CHANGE contributed by Dr Steve Barlow When businesses try to change, the practice can be difficult, the process risky, and the outcomes uncertain. There are, however, 6 steps that can increase your likelihood of success. I can simply illustrate these 6 steps by using a metaphor – painting a house. Now […]
ARTICLES Claiming deductions for plant and equipment Review of management accounts Tax tips for property investors Cash flow strategies Claiming deductions for plant and equipment The intended repeal of the Mineral Resources Tax by the Federal Government could result in the scaling back of capital allowance concessions back dated to 1 January 2014. Business […]
ARTICLES The rules of social media etiquette Common website building mistakes A guide to netiquette Social media trade promotions Website essentials to increase sales Securing the businesses online presence Keeping customers engaged with great social media content The social side of SEO Promote You tube videos The rules of social […]
There are some very obvious mistakes in this email scam that many people might miss. the ATO does not refund to credit cards, only bank accounts. the ATO doesn’t keep credit card details on file, so clicking to update would be dangerous. the email address is not a government email address. and then of course […]
Belated but still Wonderful… Congratulations to Kerrie & Geoff on the birth of their baby boy Beau, on Christmas eve, a brother for Meah. Whilst he maybe walking already, we still wish them all the best.
MySuper is bringing big changes to Australian superannuation funds.It is important that business owners are aware of these changes as being non-compliant can have major ramifications. MySuper is a simple low-cost superannuation product that will replace the current default products and become the new default superannuation fund for businesses. Australia has the fourth largest retirement […]
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