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.

Are You A Typical SMSF Member?

A profile of Australia’s SMSF Members – Aug 2021 Hello Trustees! Ever wondered if you’re the average SMSF Member… is your balance on par and are you older, or younger than most of your comrades? The number of SMSFs has increased by 15% in the last five years to more than 590,000 funds. And while […]

Quick Tip From Intello – ABN/TFN Application

We have a bunch of experts in self-managed super at Intello. Here’s something worth consideration from someone regarding the setup process. When setting up a superfund, the ABN/TFN application can be delayed (sometimes greater than 28 days) if the member details haven’t been updated on their individual TFN. This will typically occur in the event […]

Want to Get More Done and Save your Most Precious Resource?

A “How To”: Timeboxing As your business grows, priorities change. According to IDC research, the smallest businesses initially focus on cash flow, revenue growth, and cost reduction. As organisations grow and become more complex, productivity becomes a much more critical priority.  So, if you’re tired of that sense of lost productivity or time that is […]

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 […]

How Much Does it Cost to Wind Up a SMSF?

Once a fund has been wound up, it cannot be reactivated. It’s also important to follow critical steps in this checklist and the ATO’s winding up an SMSF Form. Your SMSF wind up checklist As stated by the ATO, the following tasks are required when winding up an SMSF: complete any requirements that the trust […]

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 […]