by smsf | 23 Jun 2023 | News
Hopefully trustees have not left their contributions and pension payments to the last minute as there is a likelihood that they may not be completed by 30th June if electronically initiated this week. As a solution, SMSFs can find a promissory note useful to back a... by smsf | 5 Jun 2023 | News
This check list includes some items that aren’t exclusively End of Financial Year or exclusively SMSF related but might be addressed at this time for the sake of convenience. Some items constitute financial advice so require licensing or need closer analysis to... by smsf | 30 May 2023 | News
Be aware of a quirk in claiming unclaimed super monies where the member is between 65 and 75. Because the amount is unrestricted non-preserved the ATO will expect to be paying it into the member’s personal account as a member benefit. If they are provided with the... by smsf | 18 May 2023 | News
I’ve posted this article before but it’s worth repeating as I’ve just processed a case, with over a million dollar income tax deduction, that will be carried forward and used to offset contribution tax and earnings tax for remaining members for many... by smsf | 10 May 2023 | News
There were two major issues we were expecting clarification on. The additional tax proposal for high balance fund members barely rated a mention except to confirm it was happening. Mentioning it did allow the, marginally increased, expected tax take to be included in...