Employers that have fallen behind with their superannuation guarantee (SG) obligations will have 12 months to “self-correct” under a new amnesty announced late last month. The ATO estimates that $2.85 billion is currently owed in…
3 Year Cycle for SMSF Audits Date of Effect: 1st July 2019 SMSFs with a history of good record‑keeping and compliance – that is, three consecutive years of clear audit reports and annual returns lodged on…
The Australian Equities market in 2017 can be best described as three distinct periods: 1) the Trump trade; 2) the Range trade; and 3) the Goldilocks trade. The Trump trade carried into the year the…
The 1 July 2017 superannuation reforms introduced a new reporting regime for funds. Funds now need to advise the ATO of key events within the fund that impact on retirement income streams (pensions): When you…
The global economy is picking up and Australia is about to secure the global record for the longest period a country has gone without a recession. But with the focus on the political environment, there…
If you are waiting for the superannuation reforms announced in the Budget to pass Parliament before working out what they mean to you, you might miss out on any opportunities available. When enacted, the reforms…
With the 30 June just weeks away there are numerous things to consider for small businesses, trustees of discretionary trusts and companies in general. Here are a few of the main ones: Small Business Entities…
The 2016-17 budget introduced a number of proposed changes to superannuation which are likely to affect many individuals. These include: A $500,000 lifetime non-concessional contributions cap which came into effect from Budget night taking into account…
The Government has introduced a series of dramatic changes to the concessional tax status of superannuation. The reforms will change many of the strategies advisers currently utilise to maximise benefits for clients. Lifetime cap on…
The Government has introduced a series of dramatic changes to the concessional tax status of superannuation. The reforms will change many of the strategies advisers currently utilise to maximise benefits for clients. Lifetime cap on…
