Monthly Archives

June 2014

Tax Time

Year End Guide: Superannuation Contributions

By | Superannuation, Tax Planning, Taxation | No Comments

Superannuation is a highly tax effective environment, where income is taxed at a maximum tax rate of 15% and capital gains, where the asset has been held for over 12 months are only taxed at 10%. In circumstances where the fund is paying pensions to its members, both income and capital gains can be completely tax free. Further, business and certain individuals may be entitled to a tax deduction for contributions made to complying superannuation funds. As a result, superannuation is a significant tax planning…

Read More
Dividends & Distributions

Year End Guide: Distributions and Dividends

By | Strategy, Tax Planning, Taxation | No Comments

Approaching the end of financial year presents a unique opportunity for small business owners to plan for and take action to minimise the income tax payable for that financial year. However, having said that, there are also many considerations that need to be taken into account to ensure that the decisions made are effective and have the desired impact As many small businesses operate using a company or trust structure, this article explores some of the considerations as well as some important requirements when making…

Read More

The Secrets of Self-Managed Super Funds

By | Investment, SMSF, Strategy, Taxation | No Comments

Self-managed super funds (SMSF) can be beneficial to securing your financial independence. But is a SMSF the right option for you? What is a SMSF? Self-managed super funds essentially present a do-it-yourself approach to managing your superannuation. SMSFs can be single member, or comprised of up to four members. Members of a SMSF also act as trustee or director of a corporate trustee, and together, the trustees control and and invest the funds assets. Trustees of SMSFs assume responsibility for the overall investment strategy, subsequent…

Read More