End of Financial year considerations for self-managed superfunds

13 Jun

The end of the financial year is fast approaching and we strongly recommend that trustees of self-managed super funds review their existing arrangements to ensure full compliance with superannuation legislation. Areas that will need your attention are as follows: Review and update of the fund’s investment strategy Legislation requires the trustee/s to regularly review the […]

Cloud computing

19 Oct

Cloud computing is not a new phenomenon. If you have an e-mail account such as Gmail or Hotmail, have ever bought something online, or have a Facebook account, you’ve used cloud computing. But cloud computing used by businesses is different. Cloud computing, at a broad level, is the provision of information technology resources as a […]

Plan for success with your Stratogen small business accounting partner

28 Aug
small business accountants noosa

FINANCIAL PLANNING AND SMALL BUSINESS ACCOUNTANTS NOOSA. Starting a new business can be a little like learning to surf – you paddle hard to catch a break and once once you’re set up, balance is key to your success. That balance part… That’s what the team at Stratogen Accounting Noosa is all about. Our accountants and financial planners […]

12 month Superannuation Guarantee Amnesty in force from 24 May 2018 to 23 May 2019

06 Jun
superannuation guarantee amnesty information

INFORMATION ABOUT THE SUPERANNUATION GUARANTEE AMNESTY.  A 12 month Superannuation Guarantee Amnesty is currently in force and will continue to run until 23 May 2019. Please note the legislation is currently before parliament and is yet to receive Royal Assent. What is the Superannuation Guarantee Amnesty? The amnesty provides concessions for employers to come forward […]

Can you claim travel to your investment property as a tax deduction?

25 May
investment property tax deductions travel expenses

TRAVEL EXPENSES AND PROPERTY INVESTMENT TAX DEDUCTIONS. From 1 July 2017, property owners cannot deduct an outgoing for travel related expenditure to the extent that it relates to residential property/premises. Therefore airfares, accommodation and motor vehicle expenses incurred to travel to a residential rental property for inspection and/or maintenance purposes will no longer be tax […]

New reporting obligations for self-managed super funds

04 May
self managed super funds information

SELF MANAGED SUPER FUNDS AND INFORMATION AND ASSISTANCE. Some self-managed superannuation funds (SMSF’s) will be subject to new reporting obligations imposed by the ATO.  These new reporting obligations, TBAR (transfer balance account reports) will come into force from 30 June 2018, and will be separate and additional to the SMSF annual return that is lodged […]

Downsizer super contributions

11 Apr
downsizer super contributions

INFORMATION ABOUT DOWNSIZER SUPERANNUATION CONTRIBUTIONS. The commencement date for the ability to make a downsizer contribution to top up your superannuation is fast approaching. If you are over 65 and are selling your home then, subject to meeting other criteria, a contribution into superannuation up to $300,000 per individual is available. A couple could therefore […]