SMSF investment strategy requirements

Make sure your SMSF investment strategy is on track and reviewed on a regular basis. Your SMSF investment strategy All SMSF trustees are required to prepare and implement an investment strategy for members of their fund. As the name suggests, an investment strategy sets out what the fund can invest in and all investment decisions […]

2024-25 Budget Wrap

The Federal Budget, handed down on Tuesday 14 May, contained a number of tax, superannuation, tax administration and social security/cost of living proposals that may impact you in relation to the following matters: Please contact us for clarification, or further advice, regarding any of the topics covered in this special edition newsletter.

May 2024 Newsletter

This month’s edition of our client newsletter includes an article on being aware of a partial capital gains tax (CGT) liability that may apply to you if you sell your main residence.  This is followed by an item that explains why you should be wary of timing when making superannuation contributions this financial year. You […]

Business Insurance Checklist – Which One is Right for You?

Business insurance is critical to the continuity and stability of your business operations. But which insurance is right for your business? There is no one-size-fits-all solution as each business has unique requirements. A building and trade business will have different needs to a medical practice or an accounting firm. Some insurances are compulsory, and some […]

April 2024 Newsletter

This month’s edition of our client newsletter sets out six different strategies for boosting your superannuation nest egg while potentially saving on tax. This is followed by an item that explains what happens to your tax status on leaving Australia to live or work somewhere else in the world. You might be surprised to learn […]

Protecting your child’s inheritance

Are you concerned about protecting your child’s inheritance from a future divorce or relationship breakdown? The truth is that you are not alone – many parents share the same concern. Tough times Many young people struggle to save a deposit to buy a home. By contrast, parents may be in better position to give their […]

Why is cybersecurity important for small business?

In 2023, 60% of all cyberattacks were on small and medium businesses and the average time to resolve an attack increased from 23 days to 51 days*. This is more than 100% increase in downtime to recover from a cybercrime against your business. Investing in cybersecurity is essential in today’s digital age to protect your […]

Inheriting a home – and the rules if a full CGT exemption does not apply

There is expected to be a massive transfer of intergenerational wealth in the coming years with baby-boomer generation wealth being bequeathed. And according to the experts a lot of this wealth will be tied up in real estate, particularly the family home (which most of the baby-boomer generation have been able to afford). So, once […]

SMSF trustees illegally accessing super

The ATO has released findings on how much super from SMSFs has left the system before trustees have met a condition of release. Super must remain preserved One of the main features of superannuation is that you typically can’t access your money until you reach age 65 or when you retire after reaching your preservation […]