NEWS

Introducing Supernova Trust Services

Until recently, outsourced trust administration has not been available to Australian accountants. But that’s all changing as Supernova launches Supernova Trust – the newest tool in our suite of solutions for accounting firms. For years, Supernova has been helping accountants better manage SMSFs. As we listened to our clients share the

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2020-21 Super Tax Rates and Thresholds

Supernova’s downloadable annual Tax rates and thresholds tables is a concise summary of all the rates and thresholds that apply to contributions and benefits, employment termination payments, super guarantee and co-contributions updated for the 2020-21 tax year including the covid-19 related changes to pensions Download

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SMSF YEAR END PLANNING GUIDE 2020

The government introduced a number of stimulus measures in response to the COVID-19 economic situation. These may impact your 2019/20 planning, in addition there are a number of other planning opportunities COVID -19 Early access to super   The government has allowed individuals who meet

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COVID-19 relief and compliance issues

Due to the financial impacts of COVID-19, some SMSFs have had to either, provide rental relief to tenants or apply for loan repayment relief. In these situations, auditors will need to form an opinion on whether this relief represents a commercial or arm’s length dealing

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COVID-19 Early Access Process for SMSFS

SMSF members can apply for release of their super under the COVID-19 early access arrangements through myGov. The ATO will then issue them with a determination advising of their eligibility to withdraw an amount. When the Trustees receive the determination from the member, They will

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