SMSF status to change on Super Fund Lookup if the annual return is lodged late ATO have stated from 1 October 2019 if the SMSF return is overdue more than two weeks on any annual return and hasn’t requested a lodgement deferral they will change their status on Super Fund Lookup (SFLU)
Read moreAre you going to meet the QBCC deadline? Your financial Information needs to be lodged with the QBCC by 31st December 2019. Before you get caught up in the silly season, contact us on 07 5437 9900 as we can assist you with preparing the necessary documentation.
Read moreScenario 1. Its 7 am on a Monday morning, you get to work and there is fire & smoke billowing from your windows. The fire brigade is on site, what do you do next? What is your emergency plan?
Read moreA new Australian Taxation Office Campaign As part of their latest campaign, the Australian Taxation Office (ATO) is contacting Self Managed Super Fund (SMSF) Trustees directly where 90% or more of their SMSF’s investments belong to the same asset class (Eg. property).
Read moreNet Medical Expenses tax offset If your personal taxable income is below $90,000 or family taxable income is below $180,000 and your net medical expenses are over $2,377 you may be eligible…
Read moreIf you read the business pages of the newspaper, you may have seen the term ‘inter generational wealth transfer’ starting to appear more frequently. That’s because an estimated $3 trillion of wealth…
Read moreReceiving Compensation Payments With the fall out from the Royal Commission into the banking industry, are you due to receive any of the compensation payments being paid from the various financial institutions? If so, please be aware that you will possibly face tax consequences on this receipt of money.
Read moreSingle Touch Payroll – Could it be the biggest adjustment to Australian Businesses since Good & Services Tax (GST)? The Australian Taxation Office recently introduced Single Touch Payroll (STP), this is a…
Read moreSMSF Post-Election Update With the Federal Election called in favour of the Liberal Party, SMSF Trustees are likely to be spared from some of the more significant changes that were proposed…
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