Client Alert (May 2016)
Tax planning
There are many ways in which entities can defer income, maximise deductions and take advantage of other tax planning initiatives to manage their taxable income. Taxpayers should be aware that they need to start the year-end tax…
Do You Have to Pay Capital Gains Tax When Selling a Home?
Let's say you have been living in your only home for many years but now you want to move to a smaller place. You have built up quite a bit of equity so you are likely to receive a large profit when you sell. Will you have to pay capital gains…
Are the costs of establishing a self-managed super fund (SMSF) deductible?
Answer:
The costs of establishing a superannuation fund would typically be classified as non-deductible capital expenditure. Clearly the SMSF trust – or any interest in the trust – does not qualify as a "depreciating asset" for the…
Private Health Insurance Rebate Thresholds
Eligibility for the private health insurance (PHI) rebate is income tested against the PHI income thresholds, which are usually adjusted annually.From 1 July 2015, the income thresholds used to calculate the PHI rebate and the Medicare…
Client Alert Explanatory Memorandum (April 2016)
CURRENCY:
This issue of Client Alert takes into account all developments up to and including 16 March 2016.
Deadline looming for SMSF collectables compliance
From 1 July 2011, self managed superannuation fund (SMSF) investments in collectables…
Client Alert (April 2016)
Deadline looming for SMSF collectables compliance
The ATO has reminded trustees of self managed super funds (SMSFs) that if they have investments in collectables or personal-use assets that were acquired before 1 July 2011, time is running…
Why having a corporate trustee for your SMSF can save you from potential costs
Some of the key advantages of having a corporate trustee include:
Continuous succession - a company has an indefinite life span. A company makes succession to control more certain on death or incapacity.
Administrative efficiency - on the…
Class hits 100,000 billable SMSF portfolios
Source URL http://www.smsfadviseronline.com.au/news/13714-class-hits-100-000-billable-smsf-portfolios
Written by Staff Reporter from SMSF Advisor
Thursday, 03 March 2016
Cloud accounting software provider Class has announced it now…