Deadline looms for SMSFs and collectibles

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Deadline looms for SMSFs and collectibles

Deadline looms for SMSFs and collectibles

Does your self-managed superannuation fund (SMSF) own a motor vehicle, artwork, wine, coins, jewellery or other collectibles? More stringent rules for how these collectible and personal use assets are managed come into effect for all funds from 30 June 2016.  While it’s important for all SMSFs to ensure that they are compliant with the rules, …

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Real story behind tax reform debate

Real story behind tax reform debate

With the Federal Budget only days away and an election later this year, tax and tax reform are on the national agenda…. again.  The upcoming Budget is likely to contain some of the anticipated structural reforms expected but shy away from the populist policy decisions touted in the media such as the removal of negative gearing. …

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Warning on bank advice to business owners

Warning on bank advice to business owners

Some banks are advising customers with business accounts to transfer excess cash to pay down the business owner’s home loan.  While it might sound like common sense to use the excess cash in your business, there are significant potential problems for business owners who do this. Money in your business account is the money of …

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