Posts

Building house

Self-managed Super Funds and Related Builders

We recently published a piece about the restrictions on Self-Managed Super Funds (SMSFs) acquiring assets from related parties (see that blog piece here).   The short version is – with very few restrictions, you can’t do it. So –…
hand working out calculations

Self-managed Super Funds and Related Party Acquisitions

Monies held in Self-managed Super Funds (SMSFs) form the largest sector in the superannuation area in Australia, with assets now totalling around $600 billion. In the five years to 2016, the number of SMSFs grew from 440,000 to 577,000. …
non-concessional-super-contribution-cap-scrapped

Proposed $500,000 Non-concessional Superannuation Cap Gone!

The 2016/17 budget proposed a new lifetime cap on non-concessional (after tax) Superannuation contributions of $500,000. In other words, people could only ever put $500,000 worth of post-tax funds into their Superannuation fund during the…
Brisbane Business Accountant business coaching service

Should your Accountant be your Business Coach?

I met with clients this week who run a successful, growing business. It's growing modestly, but that's the way they like it. And they want to go national. They have their challenges, sure, but generally things are looking up. I visited their…
Brisbane Business Accountant - Bonus Super

SuperStream - Mandatory for Employers & Super Funds

If you are an employer, or the trustee of a Self-Managed Super Fund, you may be required to comply with the SuperStream standard by 1 July 2015. SuperStream will become mandatory for all employers making super contributions, and most self-managed…
Brisbane Business Accountant - super fund and end of year

Super Fund End of Year Requirements

You should check the due date for your annual return with your accountant. Because of super fund processing issues, the need to have your fund’s accounts audited prior to lodgement, and the large number of funds we always end up processing…