Director ID Numbers are here to stay!

For all existing and new directors, the idea of applying for a Director ID Number (DIN) can seem overwhelming. Unfortunately we, as accountants and advisers, are unable to apply for the DIN on trustees behalf. However, we can walk them...
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excess concessional contributions

The Simple Guide to Excess Concessional Contributions

Excess concessional contributions (ECCs) to your SMSF can negatively affect your overall tax position. This article will outline some of the workings of the ECC system. However, tax and superannuation laws are complex, and small...
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self managed super fund cost

The Ultimate Guide on Self-Managed Super Fund Costs – How Much D...

There has been much debate recently about Self-Managed Super Fund costs.  The discussion was kicked off by a 2019 Fact Sheet from the Australian Securities and Investments Commission (ASIC). It put the average annual running costs...
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Recent changes to SFLU means speedier fund rollovers

The recent changes to Super Fund Lookup means trustees can rollover their super benefits quicker and more simply, in addition to many other benefits. Advisers and accountants looking to assist their clients to get their SMSFs investing...
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Trustees need to plan for Tragedy

When planning for the difficult event of an SMSF member becoming incapacitated, there are a number of considerations. One of these important considerations is appointing an attorney to act on behalf of a principal, when that member can no...
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