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 StatementSMSF Take Control (New SMSF's)SMSF Case Studies TransferSMSF Case Studies...
1. Trustees Obligations to SMSF Membersa. 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 tenants have requested it & ii. The...
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...
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 the “JobKeeper” scheme, which will provide wage...
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. This includes the ability to defer payment of certain taxes...
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 employees. When can employers’ direct employees to...
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...
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 of $25,000 has not changed, this...
The budget has not uncovered any major Superannuation changes. With the call on the election date imminent, this budget has left out any changes that could be considered controversial. You will see below that minor tweaks have been preferred to further structural reform. This measure coupled...
From the 1st of July 2018, employers with 20 or more employees will be required to report payments such as salaries and wages, pay as you go (PAYG) withholding and super information in real time. Businesses with 19 or less employees will have another year...