On the 25th October 2022 the Labour Government handed out its first Federal Budget outlining how it aims to deal with the ever-changing economic climate. With regards to the SMSF sector, it was a relatively quiet budget, however the announcements […]
2021/2022 Federal Budget Summary After a few quiet years in the SMSF space, the 2022 Federal Budget has provided some major – member friendly changes that provide a lot of positives to trustees. Below is a summary of what to expect in relation to SMSFs: Work Test Removal & […]
The End of Financial year is fast approaching. In most other industries this can be an exciting time, however for you this can be one of the busiest times of the year. You are generally working with all the tardy clients and problem […]
The ATO’s SMSF early engagement and voluntary disclosure service allows trustees to be proactive in disclosing any contraventions as opposed to the ATO finding out via the SMSF’s annual audit and subsequent contravention report. By disclosing contraventions upfront, the trustees […]
How amazing, that in amongst a global health pandemic and economic crisis, the Good Friday Appeal last week was still able to raise a total of $18,200,000.00 from Victorian’s alone. As you know we have a lot of social initiatives […]
