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Self-Managed Super Fund Statistics

Do you have a SMSF? Did you know? the average asset balance of a SMSF, per member, is $652,000. the majority of contributions to a SMSF were by the member not the employer. Member contributions were 5 times more than employer contributions. 84% of SMSF members are...

Home Office Tax Deductions

Working from home: What can I claim? Everyone wants more tax deductions, particularly those tax deductions that do not incur an additional cost. That is, you will incur this cost regardless whether the expense is tax deductible or not. For example, you own a motor...

Christmas parties: FBT implications and tax deductions

Tax deductions and Christmas parties If you are the owner of a small business there is a high probability that you will be in the process of organising your work Christmas party. The purpose of this article is to highlight what is tax deductible, what’s not tax...

Stock Market News: Sell, Hold, or Buy Shares?

Shares – Buy, Sell or Hold Over the past twelve months the ASX 200 has declined from its high of 6373 to its current level of 5750 (at the time of writing) or 9.8%. The Dow Jones has declined over the past twelve months from its high of 26,951 to its current level of...

Find Your Lost Superannuation

Locate your lost super The Government hopes to reunite more people with their lost super by requiring super funds to transfer inactive accounts (where contributions have not been received for 13 months) with a balance below $6,000 to the Australian Taxation Office...

Will you outlive your retirement savings?

With the changes to the superannuation laws from 1 July 2017 most pre retirees are concerned that they will outlive their retirement and investment assets in retirement. Others are concerned that they only will have two choices. (i)   they either downsize their...
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