Introduction: Hey there small business owners! The clock is ticking on a great chance to fix your late tax filings. Lots of businesses have already taken advantage, and now it’s your turn! Let’s break down what this Lodgment Penalty Amnesty is about and why you should act fast. Who Can Benefit: If your business is … Continue reading Time’s Running Out: Get Relief for Late Taxes!
Securing the future of your superannuation is a crucial aspect of financial planning. Understanding the ins and outs of beneficiary nominations ensures that your hard-earned money ends up in the right hands. Let’s break down the different types of nominations and what to do if you haven’t made one or if it’s deemed invalid. Types … Continue reading Your Easy Guide to Peace of Mind
Introduction: If you have a Self-Managed Super Fund (SMSF), you need to appoint an approved SMSF auditor. It’s important, and we’ll explain why and how to pick the right one. Why Do You Need an SMSF Auditor? An SMSF auditor is like a financial detective. They check if your super fund is following the rules. … Continue reading Why You Need an SMSF Auditor for Your Super Fund
Introduction Many Australians choose to manage their retirement savings through Self-Managed Superannuation Funds (SMSFs) because it gives them more control. But lately, there have been concerns about people using SMSFs in ways that could get them into trouble with the tax authorities. One area of concern is when SMSFs get involved in property development projects. … Continue reading SMSFs and Property Development: Be Cautious
Introduction: Do you have your own retirement savings plan called a Self-Managed Superannuation Fund (SMSF)? Sometimes, it can be tricky to manage it all by yourself, especially if your plan has changed over time. This blog will give you some simple tips for taxes and managing your SMSF in 2023. Whether you’re new to SMSFs … Continue reading Easy Tax Tips for Your Self-Managed Superannuation Fund in 2023
Introduction The landscape of Self-Managed Superannuation Funds (SMSFs) has been significantly influenced by recent interest rate hikes, with trustees facing challenges and opportunities alike. As SMSF trustees grapple with the implications of higher interest rates on limited recourse borrowing arrangements (LRBAs) and investment strategies, it’s essential to understand the changing dynamics and make informed decisions. … Continue reading Understanding SMSFs and the Effects of Rising Interest Rates
