Be Super Scheme Smart, if in doubt, check it out! | Australian Taxation Office
Source: Be Super Scheme Smart, if in doubt, check it out! | Australian Taxation Office
NEWS
ATO SMSF News
Source: SMSF News 39 The introduction of the SMSF early engagement and voluntary disclosure service, the extension of the deadline to review the LRBAs, and the new tax governance guide are just some of the topics that we have in this edition for you to
Accountants to migrate to financial planning | Money Management
Accountants would increasingly adopt multi-advice models including the delivery of financial planning and SMSF advice as they dealt with increasing cost pressures and changing client expectations. Source: Accountants to migrate to financial planning | Money Management
Class Super Client View
Supernova Consulting uses Class Super for our daily and monthly administration services Client View gives trustees and their advisers unprecedented access to their super fund balance, investment returns, contributions and pensions updated daily Why not take a look at this video which provides an overview of
Diverting personal services income to an SMSF | Australian Taxation Office
Source: Diverting personal services income to an SMSF | Australian Taxation Office
Tips for getting the SMSF annual return right
The information below may help you avoid potential pitfalls when preparing your SMSF annual return. Providing electronic funds transfer (EFT) details at Section A, Question 7 7A – Bank account (Super payments) The bank account you nominate for super payments and tax refunds must belong
SMSF Year End Review Tips
The end of the financial year is a good time to review your SMSF arrangements to ensure everything is set up for success in the coming year. Below are a few areas you may wish to consider as part of that review. Review Pension and
Are Transition to Retirement Dead?
The concessional tax treatment for income from Transition to Retirement income streams (TRIS) will be removed from 1 July 2017. TRIS allows members to reduce working hours and supplement this income with a regular ‘income stream’ from super savings. Employer contributions are paid to the
2016 Budget Superannuation Changes
Budget introduces the biggest changes to super in 10 years Key points: • Tax-free super pension balances capped at $1.6 million • 30% Contribution tax Income threshold reduced to $250,000 • Other contribution changes $1.6 Mil cap on Tax Tree Pensions introduced The key group
Standard Business Reporting (SBR) – the Governments new Reporting format
The Electronic Lodgement System (ELS) is being retired. SBR is the new software format to be used by tax professionals to send reports and data to the ATO and other government agencies The aim is to: Increase productivity: less time on paperwork Low Cost: built into