ASIC SMSF Guidance
ASIC Updates its guidance on when a Self-Managed Superannuation Fund (SMSF) is suitable – now deemed more attractive at balances of $200,000 or more In October 2019, ASIC had issued guidance that only where a Self-Managed Super Fund (SMSF) has a total investment balance of $500,000 or more, including single and multiple member (family) SMSFs, […]
Christmas Parties, Presents and Tax
Christmas is a great time to acknowledge and reward your employees and their associates by celebrating and giving gifts. But don’t get caught out by the ATO entertainment rules! Claiming entertainment and gifts as business expenses is not always straight-forward, as there are implications for GST, income tax and fringe benefits tax (FBT). Is it […]
