by Guy Wuoti | Mon, Jun, 2020 | SMSF Gold Coast, SMSF News, SMSF Options, Tips and traps, Trustee
Yes I know, once again the end of the financial year (EOFY) has snuck up on us faster than it should and 2020 could easily be the year of all years to ask for a tax planning leave pass. Before we throw in the towel however, the team at SMSF Options have been busy...
by Guy Wuoti | Fri, Jun, 2020 | Tips and traps
Despite well formulated investment strategies and appropriate investment advice, no trustee could have foreseen the impacts of COVID-19 on financial markets globally. Whilst history suggests that a strong recovery is likely within a relatively short period after large...
by Guy Wuoti | Fri, Apr, 2020 | SMSF Gold Coast, Borrowing, Property, Tips and traps
The economic impacts of the COVID-19 crisis are causing significant financial distress for many businesses and individuals. If your SMSF has a related party loan and is impacted due to the financial effects of COVID-19, you may be able to provide your LRBA with relief...
by Guy Wuoti | Fri, Mar, 2020 | SMSF Options, Accessing your super, SMSF News, Tips and traps
What a changed world we are living in as we all try to navigate the challenges arising from the current Coronavirus Pandemic, including protecting the health and safety of our friends and family, and the viability of our businesses, employment and investments. While...
by Guy Wuoti | Wed, Nov, 2019 | Tips and traps
SMSF trustee’s need to take special care when paying death benefits as you are responsible for ensuring that the payment rules are met. Strict rules apply, affecting who can receive a death benefit, the form in which the death benefit can be paid and the timing...
by Guy Wuoti | Fri, Oct, 2019 | Investments, SMSF Setup, Tips and traps, Trustee
You may be aware that the Australian Tax Office (ATO) has issued letters to nearly 18,000 SMSF trustees as part of a campaign to ensure trustees are aware of their investment obligations. Of key concern within the ATO’s letter is ensuring that trustees have...
