In the new financial year, many Self Managed super funds will try to expand the diversity of their investment strategies. Including a residential property in a fund’s portfolio is beginning to be a popular choice. There are rules that the trustees should be aware of. Most importantly, a fund cannot buy a residential property owned […]
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 […]
Little Evvie Rose was born Monday 30th at 8am, at 6lb 11oz and 19 inches, she is a little cutie. Both mum and Evvie are doing well. Congratulations Mel & Richard!
We are pleased to announce that Oculus has reached GreenBizCheck (www.greenbizcheck.com) silver certification. GreenBizCheck’s practical and effective program helped us quickly implement environmentally responsible business practices that have helped save resources, attract customers, motivate staff and help protect the environment. “We are providing businesses with a practical and low cost means of taking action to […]
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 […]
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