Economic Shifts that Represent New Markets for Your Financial Firm.
When change accelerates, so does the need to adapt. Financial Services is one of those professions that has not only successfully weathered the COVID pandemic but seen demand increase. As we emerge from COVID’s immediate economic impacts and Boomers move into retirement, service needs will continue to change. Those organisations that respond to these changes […]
SMSF Annual Return (SAR) – Is Yours Due October 31?
Some SMSFs have their annual return (SAR) due by 31 October 2021. You’re required to lodge an SMSF Annual Return (SAR) if: You are a new self-managed super fund (SMSF) or, If you have missed previous years lodgments. It’s worth noting that October 31 falls on a Sunday this year, so you will be able to […]
Life Insurance – What Structure Works for Your Family?
[This article is from our partners, Quill Group] Welcome to the new financial year! Over the past six to twelve months we’ve had a number of people enquire about life insurance and how to optimally structure it for their family. It should come as no surprise that the best way to structure it will depend […]
July 28: TBAR Lodgment Due
The quarterly transfer balance account report (TBAR) for self-managed super funds (SMSFs) is due on 28 July 2021. You are required to lodge the TBAR on behalf of clients by this date if: a transfer balance account (TBA) event occurred in your client’s SMSF between 1 April and 30 June 2021, and any member of the SMSF has […]
What Auditors Want – Hear it Directly from an Auditor
Every year we get asked by advisers why our auditors ask for so much documentation relating to investment decisions or certain transactions within SMSF’s. As we prepare to enter a new financial year, we thought that it would be timely to understand some of the main issues our auditors look for when reviewing SMSF […]
ATO Lodgment To-Do’s for June 2021
Well! Almost the end of another financial year. Don’t miss these items and deadlines for you and your clients. 5 June Lodge tax return for all entities with a lodgment due date of 15 May 2021 if the tax return is not required earlier and both of the following criteria are met: non-taxable or a credit […]
2020/2021 EOFY Considerations for You & Your Clients
As another financial year draws to a close, it’s a good time for you and your clients to perform a little “financial housekeeping”. Here are a few important considerations that may prompt your clients, depending on their personal circumstances. Naturally, Superannuation is an important consideration at this time of year for many individuals. So, let’s […]
EOFY To-Do’s for Trustees
An article from our partner, Quill Group. The end of the 2020/21 financial year is approaching – a great time to perform some financial “housekeeping”, according to your personal circumstances. For many individuals, Superannuation and the management of their SMSF is often an important consideration at this time of year. So, let’s look at some […]
ATO Updates for June
5 June Lodge tax return for all entities with a lodgment due date of 15 May 2021 if the tax return is not required earlier and both of the following criteria are met: non-taxable or a credit assessment in latest year lodged non-taxable or receiving a credit assessment in the current year. Note: This includes companies and […]
ATO Updates for May
15 May Lodge 2020 tax returns for all entities that did not have to lodge earlier (including all remaining consolidated groups), and are not eligible for the 5 June concession. Due date for companies and super funds to pay if required. Note: Individuals and trusts in this category pay as advised on their notice of assessment. 28 May […]