BECOME A SUPERANNUATION MILLIONAIRE WITH A SMSF

Become a superannuation millionaire with an SMSF

According to the Australian Taxation Office (ATO) statistics, there were (as at 30th June 2021), approximately 600,000 Self Managed Super Funds (SMSF) holding approximately $820 billion in assets or about 25% of the $3.3 trillion invested in superannuation. With the advent of COVID, many saw this as an opportunity to take control of their wealth…
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RECONFIRMATION PROCESS FOR JOBSAVER & THE MICRO-BUSINESS GRANT

Reconfirmation Process For JobSaver & The Micro-Business Grant

If your business currently receives payments under the NSW JobSaver or Micro-business Grant schemes, you will now need to reconfirm your eligibility each fortnight to continue receiving payments. What needs to be reconfirmed? Each fortnight, your business will need to reconfirm that it: Continues to experience a decline in turnover of 30% or more; and…
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Running a business can be an isolating experience. And, with COVID-19 lockdowns and disruptions to trade, the pressure can be intense.

Mental Health Support for Business Owners

Running a business can be an isolating experience. And, with COVID-19 lockdowns and disruptions to trade, the pressure can be intense. NewAccess for Small Business Ownersis a free and confidential mental health program developed by Beyond Blue to give small business owners the support they need. Whether you’re just feeling stressed, or completely overwhelmed about…
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Is a financial services compensation payment to your superannuation fund a contribution?

Did your super fund receive a compensation payment?

Is a financial services compensation payment to your superannuation fund a contribution? Of late, there have been several compensation payments made by financial services providers to customers that were inappropriately charged or overcharged for insurance premiums or services they did not receive, etc. New guidancefrom the ATO helps decipher whether these compensation payments are treated…
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New legislation will help prevent superannuation assets from being hidden during divorce proceedings. From 1 April 2022, the Australian Taxation Office (ATO) will be able to release details of an individual’s superannuation information to a family law court.

Divorce, Superannuation and the Gender Divide

New legislation will help prevent superannuation assets from being hidden during divorce proceedings. From 1 April 2022, the Australian Taxation Office (ATO) will be able to release details of an individual’s superannuation information to a family law court. The recently enacted laws are designed to ensure that there is procedural and economic fairness in divorce…
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JobSaver expanded to rescue large hospitality, tourism businesses Large hospitality and tourism businesses with revenues of up to $1 billion will now be eligible for JobSaver under a new extension announced by the New South Wales government.

JobSaver Expanded to Rescue Large Hospitality, Tourism Businesses

Large hospitality and tourism businesses with revenues of up to $1 billion will now be eligible for JobSaver under a new extension announced by the New South Wales government. The expansion to large businesses in the tourism, hospitality and recreation industries will see those with an annual turnover between $250 million and $500 million receive…
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