6 Tips that Save Money or Spring New Business Growth.

Although the start to 2021 has been a little shaky, hopefully this year will be different to the last 12 months. If you haven’t already, take a look at six key ways in which you can reformat some areas of your financial services firm up to make 2021 your best year yet.

Analysis: the 2022/2023 Federal Budget

Last night the Treasurer, Josh Frydenberg, released the Government’s 2022-23 Budget. It featured a range of proposed measures including an extension of the 50% reduction to account-based (SMSF and Superannuation) income stream payments, targeted tax relief, and social security and aged care changes.     For a change, there was very little said about Superannuation, apart from […]

New SMSF Notifications Provide Welcome Clarity for Trustees & Advisers

In some good news for trustees and their advisers, the ATO is improving their SMSF notifications.  Feedback from trustees and practitioners is that SMSF notifications were too vague, simply describing a ‘change’ to the fund or account.   This would arise when legitimate activity – such as a lodgement – was made, sparking unnecessary concern […]

3 Steps that’ll Get Your Google Ratings Higher

Now that you’ve created your Google My Business Profile, it’s time to aim for a fabulous star rating – or at least, one better than your nearest competitors. That’s because positive reviews directly influence sales. Research demonstrates that 84% of people trust online reviews as much as personal recommendations and 90% of people read reviews […]

3 Reasons Why Advisers Should Remain Involved in a Client’s SMSF Admin

While most advisers attend to the investment needs of a client’s SMSF, only a few remain involved in the administration of their client’s SMSF.  Without full visibility into SMSF accounting processes however, clients may be paying excess costs or missing opportunities for timely advice and the benefits therein. Many advisers don’t believe they have the […]

What do new Director ID Requirements mean for your SMSF?

Up to 63% of SMSFs will be impacted by new identification requirements for directors. If your SMSF has a corporate trustee, the director must go through a new registration process. Here’s what you need to know so you can be prepared, including details on the application process. Update November 2021: Applications for Director IDs are […]

What you need to know about SuperStream Changes – October 2021

As of October 1, the ATO has implemented changes to SuperStream obligations. This means that rollovers into or out of your SMSF can only be performed using SuperStream. By being prepared for this change, it will ensure your employer super contributions are paid and super monies are rolled over in a timely manner. Below we […]

What Happens When you Google Your Business? Simple tips to build a free new-client-magnet.

As straightforward and simple as the following pointers may seem, these will help distinguish your financial services business from competitors and appeal to critical emerging markets. Our last article in the new Marketing Foundations Series highlighted the importance of trust when seeking to build business opportunities with new markets. Research has regularly demonstrated how often Aussies […]

SMSF News & Alerts: September 2021

Changes to Actuarial Certificate Requirement Laws have recently changed which means superannuation trustees no longer need to obtain an actuarial certificate when calculating exempt current pension income. Here’s an article with more detail on the changes to actuarial certificate requirements. SuperStream is Mandated for Rollovers as of October 1 2021 As of 1 October 2021, […]