Blogs & Resources
14 February 2016
What is a Superannuation Proceeds Trust?
A Superannuation Proceeds Trust (SPT) is a type of Testamentary Trust. That is it is created under a Will. It is funded only from superannuation d…
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12 February 2016
What happens to your superannuation (including Self Managed Superannuation Fund (SMSF)) if you don’t have a Binding Death Benefit Nomination (BDBN)?
If you don’t have a Binding Death Benefit Nomination (BDBN) then the trustee of your Super Fund who may also be your Legal representative has discre…
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5 February 2016
February 2016 - Taxation Update
February 2016 - Taxation Update
Please subscribe to our newsletter for our latest taxation update, where the following topics are discussed:
1. ATO …
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31 January 2016
Issues with Non Arm’s Length Limited Recourse Borrowing Arrangements in Self Managed Superannuation Funds.
The Australian Taxation Office (ATO) has recently issued the following Interpretative Decisions (ID) concerning related party non – commercial limited rec…
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16 January 2016
Will there be any stamp duty payable when you transfer a property into a Self Managed Superannuation Fund (SMSF)?
Provided certain requirements can be met there will be no Stamp Duty payable on the transfer.Section 41 of Duties Act 2000 - Transfers to trustees or custodians…
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9 January 2016
What is a Buy / Sell Agreement in relation to a Business Succession Plan?
A Buy / Sell Agreement is a legally binding contract usually between co-owners of a business that details the following:
1. When an owner c…
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7 January 2016
What is a Business Succession Plan (BSP)?
A Business Succession Plan (BSP) directs what will happen when the controller of a business dies.
It can help to:
1. Ensure that em…
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5 January 2016
Can a Self Managed Superannuation Fund (SMSF) invest in shares in a private company?
Yes. Provided that the Self Managed Superannuation Fund (SMSF) considers the following:
- The SMSF investment strategy allows it.
- …
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28 December 2015
Have a better understanding of your business performance and financial position.
I once read that the 2 major complaints that clients have with their accountants are:
1. Lack of convenient car parking.
2. All my accountant does is my f…
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12 December 2015
Are gifts to clients / customers tax deductible?
Generally speaking yes. If the gift is designed to:
1. Promote and / or advertise your business;
2. Generate goodwill …
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12 December 2015
Can I claim my Christmas party as a tax deduction and what are the fringe benefit tax implications?
Generally speaking, if a party / function is held off the employer's premises and the cost per head is less than $300 the cost will be exempt from Fringe Be…
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11 December 2015
The importance of cashing out death benefits from Self Managed Superannuation Funds (SMSF).
The Australian Taxation Office (ATO) Interpretative Decision (ID) 2015 / 23 states that member’s benefits in a regulated superannuation fund must be &lsqu…
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2 December 2015
December 2015 - Taxation Update
Please subscribe to our newsletter for our latest taxation update, where the following topics are discussed:
1. Reminder of small business tax cuts
…
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29 November 2015
What are the tax rates for the various business and investment structures?
Individual Tax Rates
Taxable income &nbs…
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26 November 2015
What are the taxation benefits of a Testamentary Trust?
Testamentary Trusts are able to utilise the Special ‘Minor’ rules and as a result achieve great tax savings.
Typically a minor (child) that is so…
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