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An Smsf Trustee Duty Not To Be Forgotten

How to develop an SMSF investment strategy - Tax Accountants Liverpool

Setting up your own SMSF has certain benefits in allowing you more control and flexibility but it is imperative that your fund grows and can provide for you in retirement. One way to help grow your retirement savings is to have an investment strategy.

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Super Downsizer Scheme Common Errors

Super Downsizer Scheme Common Errors - Tax Accountants Lidcombe

The super downsizer scheme started on 1 July 2018 and has allowed older Australians to sell their homes and contribute up to $300,000 of the proceeds from the sale into super.

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Lost Or Destroyed Tax Records

Lost or destroyed tax records? Don’t panic - Tax Accountants Hoppers Crossing

Now and then, taxpayers may find themselves in a situation where they simply have no records to back up a tax claim. There can be many reasons for this, such as losing documents when moving home (either paper or electronic), or technology failures that end up with the same result (or at worst even destroy records).

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Smsf Event Based Reporting What Needs To Be Reported What Doesnt

SMSF event-based reporting: What needs to be reported, what doesn’t - Tax Accountants Hobart

Since event-based reporting started for SMSFs from 1 July 2018, the ATO says that for the larger part, SMSF trustees have mostly adjusted to the new requirements.

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An Fbt Reporting Exclusion For Personal Security Concerns

An FBT reporting exclusion for personal security concerns - Tax Accountants Hervey Bay

The ATO has plans in place that it can put into operation to relieve certain employers from reporting all the fringe benefits they provide to staff. The measure however is only triggered where it can be shown that employees’ personal safety is at risk or under threat.

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Fictions And Facts About Work Expense Deductions

Fictions (and facts) about work expense deductions - Tax Accountants Gosnells

There can be varied sources for some of the myths about tax deductions —pub-talk, BBQ-banter, hairdresser-homilies, what-your-taxi-driver-just-heard and many others. We sort out fact from fiction.

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