As a Tax Advisor to small businesses that run Self-Managed Super Funds (SMSFs) I am aghast at the way our federal government and, in particular, Canberra bureaucrats treat this sector.
Posted in
Posted in
Month: September 2018
Every Three Year SMSF Audits – A Ludicrous About Face
Posted in
You’re Paying Too Much
By Pat Mannix
This is what your accountant should be charging you, depending on their firm’s size and location. Those big city firms are charging quite a bit, considering you can get the same quality service from us.
CONTINUE READING You’re Paying Too Much 1 min read
Changes To CGT Exemption For Inherited Property
When someone inherits a dwelling there are some special rules contained within the main residence exemption provisions that can provide a full exemption if certain conditions are met. If the conditions are not met, the beneficiary might face a nasty capital gains tax (CGT) bill for their good fortune.
Posted in
Posted in
Do You Need An Advanced Care Plan?
By Pat Mannix
This is effectively any type of written statement regarding a person’s wishes for their future medical or healthcare treatment. Additionally it may formally appoint a person (decision-maker) who can act or speak on your behalf should you be unable to do so yourself due to illness or injury.
Investment Trusts for Small Business Owners
By Pat Mannix
If you own a small business and would like to start investing, this is a structure that you need to become familiar with.
Posted in
Posted in
What Is The Best Software For Accountants?
By Pat Mannix
I want to give you my honest and fair opinion of what’s out there on the market. Firstly, let’s examine the most popular ones – MYOB, Quickbooks and Xero.
Posted in
Posted in
Who Can See Your Will After Death?
By Pat Mannix
There is a broad class of people entitled to see a will once someone has died. The first step is to determine if someone fits within that group.
Posted in
Posted in
CBA To Scrap Supergear Product
CBA will SCRAP their Supergear product, effective 12th October 2018. A decision to refine their product offering to become a “simpler, better bank” is their reasoning to exit the LRBA market.
Posted in
The Killer: Sincome Tax
By Pat Mannix
The Tax Champion is back with a new idea… he’s calling it Sincome Tax and he expects that it could change multinational corporate companies forever.
CONTINUE READING The Killer: Sincome Tax 1 min read
Posted in
Posted in
Oligopolies and Monopolies Thrive Again
By Pat Mannix
News Corp Australia has made a submission to the Australian Competition and Consumer Commission’s digital platforms inquiry to split up Google. It is believed to be the first time a major media company anywhere in the world has suggested Google be split into different businesses.
Offset VS Redraw For Property Investors
Having the right loan structure when purchasing a property is imperative, whether you are purchasing a main residence or investment. Here is an explanation of the difference between an offset account and a loan redraw facility.
Posted in
Posted in
NAB Bucks The Trend
National Bank announced today that it will not change its Standard Variable home loan rate from 5.24% p.a.
CONTINUE READING NAB Bucks The Trend 1 min read
