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Introduction Like it is the case with other super funds, SMSFs are a way of saving for your retirement. However, the difference between the other funds and SMSFs is that the members of an SMSF act as their own trustees. After setting up one, you are held responsible for running it in accordance...

Start the new year with a bang by reviewing your SMSF’s investment strategy. Consider changing individual trustee to a corporate trustee, and ensure you have an enduring power of attorney. Don’t forget to review and update your estate planning and SMSF deeds. With the ringing in of the new year,...

Christmas time is right around the corner, and for businesses, especially small ones, it means a lot of financial matters need to be taken care of. Dealing with those cashflow issues by keeping super entitlements of your employees is not the best option for you.  In order to avoid cashflow...

Key Takeaways ATO has rolled out Single Touch Payroll or STP for businesses with 20 or more employees. Businesses are required to report to the ATO every time they pay their employees sending data such as salaries, deductions and super.  Talk to your accountant or software provider to ensure you...

There is a range of provisions regarding what a super fund can and can’t do, particularly in relation to self-managed super funds (SMSF’s). It's important to realise that breaches of the rules by a fund trustee could render the trustee liable to a range of potential fines by the ATO.  However,...