News & Insights
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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 associate to take up the share ...
Trustee
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 someone says data is an asset. ...
Ask an Expert
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 amount paid and the components ...
Legislation
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 superannuation fund trustees to ...
Memo
SaaSy for some
My previous blog on data flagged that the digital revolution enables great masses of data to be generated, collected, stored ...
Tax
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 monies from their pension ...
Legislation
Three Yearly Audit Proposal
In the May 2018 Federal Budget, the Government proposed that SMSFs with three years of clean audit reports and returns lodged ...
Pension
Event Based Reporting
With the 1 July 2017 introduction of the $1.6m Transfer Balance Cap (or “pension cap” as some people call it) came a new ...
Tax
Market Linked Pensions - PAYGS & untaxed offset
Must the fund issue a PAYG summary? Does the individual need to report the payments in their personal tax return? Are they ...
Property
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 Commissioner of Taxation ...
Memo
Data – bringing it back home
Data is the mother of all knowledge and as we all know - knowledge is power. Humanity is defined by data. It is the currency ...
Pension
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 members’ pension accounts ...
