Posts

NOT A SCAM OR HOAX – recent Super alert from ATO

If you have recently received correspondence from the ATO regarding unclaimed Super, most likely it is not a hoax or scam. The ATO may have recently contacted you by email, SMS or letter, as part of a nationwide unclaimed superannuation campaign. It…

Personal deductible contribution opportunity deadline looming

Just a reminder that if you are an employee, you can now make a personal contribution to Superannuation from your cash savings and claim a tax deduction, hence you still have a few days left in this financial year. But be aware of what you…

Super Opportunities prior to 30 June

Are you eligible for the Government’s co-contribution? If your income is below $36,813, you may be eligible for $500 co-contribution (phases out up to $51,813). If you're a low or middle-income earner and make personal (after-tax) contributions…
Hand holiding Australian money indicating bonus superannuation contributions from the government

Are you eligible for bonus Super from the government?

Have you: Been working part-time? Ceased work this year to start a family? Re-joined the workforce during the year? Been out of work for part of the year? Had other reasons for a limited income this year - below $37,000? Currently,…
2017 Federal Budget

2017-2018 Federal Budget Update

We are here to help our clients achieve the best outcomes with tax, business and money.  To do that we need to stay on top of the changing tax landscape, and adopt careful tax planning strategies.  That includes keeping an eye on the changing…
Superannuation changes July 1

How will the July 1 changes to Superannuation impact you?

A number of changes to the rules governing Superannuation will come into effect on 1 July this year. Let’s take a look at what’s about to happen. The cap on concessional (pre-tax) contributions to your Super will be limited to $25,000…
The relationship of time to money - the 2% rule

Understanding the relationship of time to money, part 3: The 2% Difference

Understanding key principles and turning them into habits will help to put you on the right path to achieving your lifestyle and financial goals. We know that we will do more of something when we understand it. The next key principle is….The…
safeguard your family wealth

How to safeguard your family wealth

Family wealth can take a lifetime to accrue, but can also disappear in an instant through poorly considered generosity. This 3 minute read may be one of the most important articles you have ever read! Many parents and grandparents are…
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…
London underground mind the gap sign BREXIT

How does the BREXIT market fall impact your Super and other investments?

By Ian Chester-Master, CFP®, FFPA The doom and gloom of the BREXIT market fall is heading all of the news cycles at the moment. But what does it really mean for your Superannuation balance and other investments? Inevitably, when…
Brisbane Business Accountant - October calendar new superstream deadline

Stop Press! The ATO extends the deadline for SuperStream

In a welcome fit of flexibility, the Australian Taxation Office has allowed an extension for small businesses to adopt SuperStream. They've extended the deadline from 30 June 2016 to 28 October 2016. According to the ATO, nearly half a million…
Brisbane Business Accountant - Senior couple on beach indicating Super savings

How much Super is enough?

By Ian Chester-Master How much Super you'll need to enjoy your retirement is one of the burning questions for a lot of people. Unfortunately, in many cases, people leave it too late, when there’s not enough time for them to build their…
Brisbane Business Accountant - Bonus Super

Bonus Super (Government Co-contribution)

Currently there are two (2) avenues for low income earners to get Bonus Super payments from the Government totalling up to $1000 per year. LOW INCOME SUPERANNUATION CONTRIBUTION (LISC)* The low income superannuation contribution is up…
Brisbane Business Accountant - lost money lost super

Lost Money?

Do you have lost money? Do you have multiple superannuation accounts, but not sure who they are with, or perhaps you worked for a short period of time but are unsure if you had a superannuation account with that employer? Do you vaguely…
Brisbane Business Accountant - avoiding penalties for late super

Super Penalties for Late Super

Super guarantee contributions are due by the 28th day after the end of each quarter. Employers who don’t make their payments on time are penalised severely. There’s a double whammy – extra charges and interest, and no tax deductibility. Note…