An introduction for small business operators by the Australian Tax Office Having the right business structure can save you time and money. The four most commonly used business structures in Australia are: Sole traders Partnerships Companies Trusts There are real advantages in choosing a … Continued
Superannuation
SMSF Asset Segregation
The question of whether or not to segregate assets comes up on a regular basis. The vast majority of times the question is being asked about a smsf that has pensioner and non pensioner members. And usually it is because … Continued
Insurance and SMSFs
If you have not heard yet, we have aligned ourselves with Partners Group, a leading financial planning and investments practice for all of our SMSF related needs. Martin Murden, the Director of Technical Consulting and SMSF Audits for Partners Superannuation … Continued
Limited Recourse Borrowing Arrangements – Buying a Property through a SMSF
Written by : Martin Murden Director, Technical Consulting and SMSF Audits PARTNERS Superannuation Services Pty Ltd Background Since 2007, self managed superannuation funds (SMSF’s) have been permitted to borrow to acquire assets. Almost all purchases by a SMSF with … Continued
Are your self managed superannuation fund’s collectables and personal use assets secure?
Earlier this year, a prominent Sydney based art dealer was arrested and charged with numerous offences in relation to artworks. The art dealer specialised in the sale and lease of artworks in the self managed superannuation fund market. Generally, … Continued
News from the State Revenue Office and the Australian Tax Office (March 2012)
Announcement from the SRO: The State Taxation Acts Further Amendment Act 2011 received Royal Assent on 29 November 2011 and introduced changes to the Duties Act 2000 to reduce the period for the payment of duty. The time period for … Continued
Adding Value to your SMSF with Business Premises
Owning business premises in a SMSF can make a great deal of sense for SMSF’s and business owners alike. It can provide a steady source of income and capital growth for the SMSF and also provides stability for the business … Continued
Small Business Tax
Your Tax Obligations Understanding taxes and meeting your taxation obligations can save you time and money. By paying the right amount of tax, you can also avoid late payment penalties. The Tax Office provides a free computer program to check … Continued