It is a well established principle that company directors are not considered common law employees, unless they are also engaged under a contract of employment to provide non-director duties.

We are definitely at the business end of 2017/18 when it comes to discovering just where the submerged rocks lie for CGT relief under the 2017 Superannuation Reforms.

With all the recent focus on new limitations on super, it’s easy to forget that there is also at least one new rule that helps those still saving to put more into their super account with the best possible tax treatment.

It was pretty big news in SMSF circles today when SuperConcepts announced they had bought More Super.

Why is there so much focus on SMSFs and Bitcoin? Mainly because it’s new and sexy.

One of the many benefits traditionally enjoyed by funds entirely in pension phase was that when an asset was sold, any capital gain was completely disregarded. But what does the future look like on this front?

The ATO announcement this morning advising that they will be extending the due date for lodgement of SMSF Annual Returns strongly indicates the complexities around the CGT Relief is proving challenging, as we, at Heffron, predicted would be the case.

Draft legislation has been released for comment aimed at closing off two avenues in which the Government considers LRBAs could be used to circumvent contribution caps.

A question that has already come up in our practice several times relates to clients who died before 1 July 2017.

The Bills necessary to make both the above measures law have now received Royal Assent.

Understanding when a fund is "segregated" for tax purposes is critical in applying the tax rules to SMSFs providing pensions.

The terms "segregated" and "pooled" have been part of the superannuation landscape for 30 years. From 1 July 2017, however, the way we think about these terms for pension funds needs to change profoundly.