Just like in Star Wars IV (actually, it was the first episode in the series made back in 1977), the Coalition Government in winning the Federal election has provided a ‘new hope’ for the SMSF industry. There was genuine concern about just what impact a Labor Government would have had for the sector, given that…
Details
Since transfer balance cap reporting commenced for self-managed superannuation funds (SMSFs), the Australian Taxation Office (ATO) has continued to observe a high level of re-reporting from within the SMSF sector. This is mostly in response to determinations and commutation authorities that have been issued by the ATO. In some instances, the amended reporting indicates: the…
Details
A common question we get asked is how to deal with contributions that have mistakenly resulted in a client exceeding their contribution cap. The changes to the contribution rules from 1 July 2017, both in terms of contribution caps, but also the introduction of a total superannuation balance concept have highlighted the importance of getting…
Details
As we continually seek ways to provide easy-to-use documents and workflows as well as meet your individual needs, we have come up with a way that we think will work best for you. Introducing our new Create (Document) Packages Our new CREATE packages are based on only paying for the number of documents you need. With the…
Details
With a federal election not far away and the Government now in ‘caretaker mode’, any outstanding Bills within Parliament have now dissolved. Given the level of activity over the past six months or more, it would be very easy to be confused about what has become law and what actually didn’t make. Therefore, we’ve provided…
Details