News

Using a corporate trustee for your SMSF Choosing between an individual and a corporate trustee is an important decision that arises when establishing an SMSF. Despite this decision’s significance, many SMSF members often appoint trustees without understanding the difference between the two. It is important for SMSF members to understand the advantages and disadvantages of appointing an individual or corporate trustee. Although appointing an […]

Key pension issues for SMSFs The ATO is now targeting SMSFs in pension phase as part of its SMSF compliance program. It is critical for trustees to assess their current circumstances for any major risks relating to pensions for SMSFs. The ATO has expressed concerns about SMSFs in or transitioning to pension phase that hold illiquid assets such as real property. Many funds […]

Your breakeven point Knowing your business’s break-even point is fundamental in determining whether or not your business venture is successful, failing or ultimately worth pursuing. A business’s break-even point is the point at which the business’s total revenue equals the total costs and expenses of running the business. Knowing your business’s break-even point is crucial when determining product rices,setting budgets and preparing […]

Delivering quality customer service Every business has a basic obligation to provide customers with quality goods or services. That is, quality in the sense of delivering on a promise to a customer. It is the responsibility of a business to ensure they are not selling shoddy or unsafe products or services. However, whilst they would like every customer to be fully satisfied with […]