by Admin | Wed, May, 2024 | SMSF Gold Coast, SMSF News, SMSF Options
1. Personal income tax measures 1.1 Stage three personal tax cuts The Government has confirmed the revised stage three personal tax cuts that were announced prior to the Federal Budget being handed down and which have already been enacted into law. Refer to the...
by Admin | Wed, Apr, 2024 | SMSF Gold Coast, SMSF Options
ASIC has commenced the first prosecution action against a director for failing to comply with the obligation to have a director identification number (director ID). On 19 March 2024, a director appeared in the Downing Centre Local Court and was formally charged with...
by Admin | Thu, Mar, 2024 | Contributions, Uncategorized
Contribution limits are slated to increase for the 2025 income year. Here are the specifics: Effective from July 1, 2024, the concessional contribution cap will be raised from $27,500 to $30,000. Similarly, commencing July 1, 2024, the non-concessional contribution...
by Guy Wuoti | Wed, Dec, 2023 | SMSF Gold Coast, SMSF News, SMSF Options
Below is a round-up of some superannuation changes and key developments that may be relevant to you, as trustee of your SMSF. It is important that you know what changes are coming, so you can effectively understand how they may affect you and the members of your SMSF....
by Guy Wuoti | Wed, Dec, 2021 | SMSF Options, SMSF Gold Coast, SMSF Setup
Recent legislation has introduced new obligations for company directors requiring them to obtain a personal director identification number (‘Director ID’). Below we highlight your new obligations and provide the appropriate information to ensure your ongoing director...
