Federal Budget 2020-21
We all understand that budgets are an exercise in predicting the future. Given what has happened in 2020, gazing into the crystal ball and extracting something reliable is fraught with difficulty.
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SMSF regulations to allow six members under new legislation - Tax Accountants Lidcombe
A bill has been introduced into Parliament that partially implements a measure to allow an increase in the maximum number of allowable members in self-managed superannuation funds and small APRA funds from four to six.
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COVID-19 and SMSF rental relief - Tax Accountants Glen Waverley
The Federal Government announced a six-month moratorium on evictions of commercial and residential tenants during the COVID-19 health pandemic. This moratorium (and its accompanying code of conduct leasing principles) will inevitably affect SMSFs, which are reasonably heavily invested in real property, according to statistics.
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Has your super fund got you covered for insurance? With COVID-19, maybe not - Tax Accountants Dandenong
From 1 July 2019, the government adopted new rules that aim to prevent the unnecessary erosion of people’s retirement savings through inappropriate insurance arrangements.
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THINGS TO DO IF YOU ARE SELF EMPLOYED OR EMPLOYED BY YOUR OWN COMPANY
Your 9.5% super guarantee contributions must be received by your Super Fund by 28 July to avoid penalties. If you pay by 30 June then they are deductible in this current year
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Early release from super a relief, but comes with risks - Tax Accountants Brisbane
The government is allowing the early release of superannuation and a temporary reduction in minimum pension drawdown rates to help individuals deal with the adverse economic effects of COVID-19.
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