SMSF Investment Strategy Diversification Requirements

Recent correspondence from the ATO has been issued to SMSF trustees who hold greater than 90% of their assets in a particular asset category, stating that diversification must be considered in the investment strategy. Our latest newsletter outlines what all trustees need to consider in terms of their investment strategy to remain compliant.

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Tax Rates and Tables 2019-2020

We’ve created a quick reference guide for you containing the 2019 – 2020 tax rates. Covering both individual and company tax rates, tax offsets, superannuation, depreciation and fringe benefits tax.

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ATO Crackdown on Overdue SMSF Annual Returns

The Australian Tax Office (ATO) has recently announced that from 1 October 2019, if your self-managed superannuation fund (SMSF) annual return is more than two weeks overdue for  lodgement, your SMSF will not be able to receive employer super guarantee contributions or rollovers from another super fund. Read our latest newsletter article to see what impact this may have for you.

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Top 5 Tips For Planning Your Business Exit

With 61% of employing small business owners in Australia approaching retirement age, we can expect a considerable shift in small business ownership in the coming years. Here are our top 5 considerations for planning your business exit.

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Government Grants & Incentives

There are a large number of grants and assistance packages available to businesses in Australia, the difficulty can come from navigating what is out there and what you need to do to be able to access them.

Our latest newsletter article looks at some of the most common Government grants and incentives available to see what may be available you.

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QLD Payroll Tax Changes

The Queensland State Government recently announced reforms to the Payroll Tax regime for the 2019-20 financial year and beyond. The new initiatives aim to support small and medium sized businesses in Queensland employ more staff and increase employment in regional Queensland. Find out here if you’ll be better off.

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Superannuation Changes May Impact Insurance Cover

Superannuation changes that come into effect on 1 July 2019, may have an impact on SMSF trustees and non-residents, our newsletter highlights the new changes, their potential implications and what you need to do if you think they may affect you.

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