Technical Articles

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.

If you own a rental property (residential or commercial) and you’re not claiming depreciation each year then you are missing out on valuable tax deductions and tax savings.

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.

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.

Did you know that your residency could cause your SMSF to be non-complying and put almost half your retirement funds at risk?

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)...

Employees can forgo part of their future entitlement to salary or wages in exchange for non-cash benefits.

When can fuel tax credits be claimed...