Blogs & Resources
SMSF – Statistics July 2021
Here are the topline numbers from the July 2021 Largest net establishments since 2016 of 23,125 SMSF’s added to the number of existing SMSF’s. Wind ups are down to record low numbers. Total Number of SMSF are 597,900 with 1,114,529 members Combined net value of...
Supervision in the Community – Go Glory!
Supervision Group is proud to announce their extension of their sponsorship with the Perth Glory FC for the 2021/22 season. The Perth Glory embody everything that we strive for in our business, high quality personnel, professionalism and continually striving for...
Online Bookkeeping and It’s Advantages
Small business bookkeeping was once a world of handwritten ledgers and hard copy balance books. Fortunately, times have changed, and cloud accounting has brought an ever-growing suite of tools and technologies that can help reduce the headaches of managing invoices,...
SMSF and the “Great Reset”
For many people, COVID-19 will change their lives forever. Like the last great pandemic, life never got back to “normal”. You may have already heard of the “great reset” in all forms of media. The term relates to the topic of the World Economic Forum which refers to...
SMSF Documents Updated
Hi Everyone, This post is to add some of our important documents to our website. Feel free to share these documents and any feedback is welcome. SMSF Take Back Control (Existing SMSF's) Supervision's Online Services (Super Gateway) SMSF Capability Statement SMSF Take...
COVID-19 Rent Relief & SMSF’s
1. Trustees Obligations to SMSF Members a. All decisions are made to maximise growth in retirement savings of the member/s. 2. Applying Trustee Obligations to COVID-19 Rent relief and State rules. a. SMSF's should not offer rent relief to tenants unless; i. The...
Job Keeper – Information & Instructions
We wanted to update you with the most current information for the JobKeeper Scheme as of 14 April 2020. The ATO has released the following operational guidelines. We are here to help you understand and navigate the tasks required over the coming weeks. There are some...
COVID-19 Stimulus Legislation has Passed
Late on Wednesday, 8 April 2020, Parliament passed the Coronavirus Economic Response Package (Payments and Benefits) Bill 2020 and the Coronavirus Economic Response Package Omnibus (Measures No. 2) Bill 2020. The first of these measures authorises the introduction of...
2nd Government Stimulus Package
Income Tax Instalments – all businesses The Australian Tax Office (ATO) will provide administrative relief for certain tax obligations (similar to relief provided following the bushfires) for taxpayers affected by the Coronavirus outbreak, on a case-by-case basis....
COVID19 Workplace Law Guidance
Where can I get information on health and safety in the workplace? • The Australian Government Department of Health • WA State Public Health Unit • Safe Work Australia • WA State workplace health and safety body • Comcare (Commonwealth) – for Australian government...
COVID19 Economic Stimulus
To all our valued Clients and Supporters, Following on from our most recent communications to you late last week, we wanted to provide you with further information on the impact of COVID-19 to you, your business and the greater community as we see it. We have taken...
Catch Up Concessional Contribution Cap
There is an exciting opportunity for eligible Australians starting this financial year. It is the ability to bring forward unused concessional contribution caps from prior years if your individual members balance is under $500,000. Whilst the existing concessional cap...