GST, Property and SMSFs

The 10% Goods and Services Tax (GST) is generally included in the price on most sales in Australia. However, not all goods and services are required to include GST due to GST exemptions in Australia, and not all entities, such as...
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Can you pay medical expenses with super?

Can you pay medical expenses with super?Life can take an unexpected turn when members of an SMSF suddenly find themselves in need of medical treatment which they cannot afford with their personal savings. In these moments, it’s...
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Should I take my super out as a lump sum?

You may get approached regularly by clients when they have reached their preservation age, on what to do with the super that they have accumulated. Β  Often, different clients will come to you with different financial circumstances. Some...
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Segregated or Proportionate methods for Calculating ECPI?

A bill was passed recently that contains changes to a number of different superannuation measures, including amendments to:The work test declarationsCalculation of exempt pension incomeThe first home super saver (FHSS) schemeDownsizer...
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All the SMSF Reporting Requirements You Need to Know

The list of SMSF reporting requirements from the Australian Taxation Office (ATO) is short.It covers The SMSF annual return, preceded by a valuation of assets and an audit Reports on transfer balance caps and transfer...
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