More SIS compliance headaches on the way for SMSFs
Trustees of SMSFs may be soon required to add the creation of a “retirement income strategy” alongside existing compliance requirements centring on investment and insurance.…
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Read MoreMore SIS compliance headaches on the way for SMSFs
Can you claim a tax deduction for insurance premiums?
As a general guideline, the ATO will allow a deduction for certain insurance premiums if it can be shown that the insurance cover relates to…
Are you Division 7A compliant?
Division 7A is an integrity measure that was designed to prevent companies from making tax-free distributions to shareholders or their associates. This can occur where…
2 minute quiz: Partnerships
How well do you understand the taxation of partnerships? Try these questions to find out Question 1 Which of the following is the definition of…
Client Newsletter – July 2018
Click here for a pdf version of this article. The pension loans scheme To help pensioners who are asset rich but income poor, the government…
The pension loans scheme
To help pensioners who are asset rich but income poor, the government launched a version of a commercially available financial product, the reverse mortgage. The…
Regulatory Roundup – July 2018
Q&A on the small business concessions and super’s non-concessional contribution cap Q: I am close to reaching my total super balance, however I have assets…
Managing tax disputes can be like wrestling with a superhero
It is sometimes said that a superhero like the DC Comics character Superman can be an uninteresting character because he is, for all practical purposes,…
The proportioning rule and your SMSF
When calculating a super benefit, it is necessary to identify and determine the value of the various components that make up the benefit. The law…