My client has been offered shares in his employer’s company as part of an employee share scheme
Under the scheme, the employee is able to take up the entitlement themselves or nominate an...
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Data is an asset - right?
The title to this blog is a common refrain these days and most of us don’t blink an eyelid when...
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If my client receives a lump sum from superannuation, will the lump sum be included in their “income” for Division 293 purposes?
Potentially, but this will depend on why your client is receiving the lump sum, their age, the...
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Quarterly TBAR reporting – does every fund need to lodge? What if I can’t lodge on time?
With the 1 July 2017 introduction of the $1.6m Transfer Balance Cap came a new obligation on...
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SaaSy for some
My previous blog on data flagged that the digital revolution enables great masses of data to be...
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Re-think Treatment of Amounts in Excess of Minimum
Prior to 1 July 2017, as a general rule, where an individual was age 60 or over and wanted to draw...
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Three Yearly Audit Proposal
In the May 2018 Federal Budget, the Government proposed that SMSFs with three years of clean audit...
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Event Based Reporting
With the 1 July 2017 introduction of the $1.6m Transfer Balance Cap (or “pension cap” as some...
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Market Linked Pensions - PAYGS & untaxed offset
Must the fund issue a PAYG summary? Does the individual need to report the payments in their...
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Daughter’s rental of residential property connected with SMSF didn’t breach sole purpose test, but that’s not the end of the story!
Last month’s Full Federal Court decision in the Aussiegolfa case [Aussiegolfa Pty Ltd (Trustee) v...
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Data – bringing it back home
Data is the mother of all knowledge and as we all know - knowledge is power. ...
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Eeeek! My client just got an Excess Transfer Balance Determination!
The majority of SMSFs lodged their Transfer Balance Reports to report the 30 June 2017 value of the...
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