Technical Articles

Personal Use and Collectables in SMSFs

Personal Use and Collectables in SMSFs

Contrary to popular belief, your SMSF can actually invest in collectables such as artworks, jewellery and wine as well as personal use assets such as boats, classic cars or other vehicles. However, investment in these assets must meet very strict and specific rules in order to qualify and thus care should be taken to avoid breaches of super rules in relation to owning collectables and personal use assets in SMSFs.
Category: Technical Articles
Forecasting your Future

Forecasting your Future

Most businesses make the mistake of only consulting their accountants when they need help to meet their compliance needs. However, it is necessary to recognise that simply satisfying legislative requirements will not get you closer to achieving your business goals.

Category: Technical Articles
Business Structures

Business Structures

Have you thought about starting your own business but repeatedly postponed taking the first step because it all seemed too complicated and daunting? The good news is that you do not have to do everything on your own; a good accountant can be a valuable resource, especially in the establishment phase.

Category: Technical Articles
SMSFs and Trauma Insurance

SMSFs and Trauma Insurance

Trustees of self-managed super funds (SMSF)  were previously allowed to purchase trauma insurance policies for fund members and still satisfy the sole purpose test  of the Superannuation Industry (Supervision) Act 1993 (SISA)...

Category: Technical Articles
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