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Retirement of Terry Collins

After almost 29 years working at PPT Accounting, Terry Collins has decided to retire. Terry has spent much of her time at PPT setting up and leading the Self-Managed Superannuation Fund Division. We wish Terry…

COVID-19 and your SMSF

COVID-19 has had an impact on many SMSFs. We look at the key issues. Early release of superannuation When a member of your fund wants to access up to $10,000 of their superannuation early under…

Is self-managed superannuation right for you?

Self-managed superannuation funds (SMSF) are a popular choice for individuals and couples looking for greater investment choice and control.  We’ve put together a few questions you should consider before starting your own SMSF fund. What…

The Super Guarantee timing trap for employers

How employers are being caught out by the timing of superannuation guarantee payments. Employers can generally only claim a deduction for superannuation contributions in the income year in which the contribution is made. Super contributions…

ATO sends STP warning to non-compliant employers

The Australian Taxation Office (ATO) has revealed how it is going to use Single Touch Payroll (STP) data, acting as a warning to non-compliant employers. ATO Deputy Commissioner James O’Halloran indicated that the office is…

Super Guarantee Amnesty Resurrected

The Government has resurrected the Superannuation Guarantee (SG) amnesty giving employers that have fallen behind with their SG obligations the ability to “self-correct.” This time, however, the incentive of the amnesty is strengthened by harsh…

Are all your eggs in one basket?

The investment strategies of Self Managed Superannuation Funds (SMSFs) are under scrutiny with the Australian Taxation Office (ATO) contacting 17,700 trustees about a lack of asset diversity. The ATO is concerned that, “a lack of…

Tax Time: Are you in the ATO’s sights?

A consistent theme this tax time is overclaiming and under-reporting. With the Australian Taxation Office (ATO) getting more and more sophisticated in its data matching approaches, taxpayers can expect greater scrutiny where their claims are…

$17.5b in lost superannuation: is it yours?

More than a third of all Australians have more than one superannuation account. Moving house, changing jobs or just forgetting to update your details can easily separate you from your superannuation fund. Currently, more than…

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