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SMSF: Deductible expenses
One of the downsides of running a self-managed super fund (SMSF) are the fees, but making sure you know what SMSF expenses are deductible can help you make the most out of your money. Many expenses required for running an SMSF can be deductible unless they are related to gaining non-assessable income, such as exempt…
Who’s in the driving seat in your business?
Are you driving your business, or is it being driven by circumstances beyond your control? Are you at a point where so much time and energy is taken up dealing with the day-to-day running of your business that you have little or no time to think ahead? If you are, you are no different from…
Division 7A and expert predictions on the future
Division 7A under Australian legislation is currently concerned with private company benefits given to shareholders which are taxable under the premise of income tax purposes. For two years, the Australian government has announced that they will be making changes to the law – however, experts predict that the changes may be deferred for the third…
Supers are merging – what will it mean for you?
Since the second half of 2019, industry super funds have begun to merge their organisations in an effort to combat APRA’s growing potential in taking action against trustees of underperforming funds. While supers are assuring their members that funds are only merging for their best interest, what exactly will the merging of your super fund…