The Australian Taxation Office (ATO) is cracking down on the number of self-managed super funds (SMSFs) with outdated trust deeds. An outdated deed can prevent an SMSF from establishing pensions, accepting contributions or investing under a limited recourse borrowing arrangement (LRBA), depending on when the deed was last reviewed. It is very important that the
A couple of weeks ago, our blog focused on whether setting up a business is right for you. Once you make the decision to start a business it is important to understand what your goals for the business are. When you are setting out and everything is moving so quickly, it’s easy to deviate from
There has been a lot of press recently with regards to the current property prices, particularly in Sydney, but if you do your research and plan accordingly, there are opportunities available for those wishing to get into the property market. Here are some tax tips on things you should consider: – Plan accordingly before you
