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Partial property sales eligible for downsizer
Superannuation fund members making a downsizer contribution do not have to sell the whole property or even move out of it after the sale, but cannot claim a contribution for land that has undergone a subdivision, a technical expert has advised.
How costs can add up
There is quite a bit of truth to the old adage “there is no free lunch in life” or its more recent equivalent “if you’re not paying for the product, you’re the product” because pretty much everything in life comes at a cost these days.
The Countries that Consume the Most Beer in the World
Check out the countries that consume the most beer from 1963-2021
ATO taking ‘harsher’ stance on loans to members
The ATO is paying closer attention to attempts by accountants to “patch up” mistakes by SMSF clients involving the removal of money from the fund.
ATO provides cyber security tips for SMSFs
In the wake of the recent Optus cyber attack, the ATO and Australian Cyber Security Centre has outlined some important steps to help trustees keep their data safe.
A trio of trip-wires businesses should avoid, says ATO
Wayward habits accentuated by the pandemic will be a compliance focus.
Documentation key in preventing ‘disappearing crypto’, SMSFs told
Thorough documentation can help mitigate the risk of crypto assets going missing in situations like divorce, says a specialist lawyer.
Three tips for building a good portfolio
The first step to building a sound investment portfolio is to know why you’re investing
How much money do I need to retire?
When I retire, will I have enough money to enjoy the retirement lifestyle I envision? It's a question many of us will need to ponder at one point.