(02) 9387 4300 , Level 16, Westfield Tower 2, 101 Grafton Street, Bondi Junction NSW 2022 AUSTRALIA

  • What to consider before signing a personal guarantee

    What to consider before signing a personal guarantee

    Personal guarantees are a standard business practice in commercial transactions, however, they are often misunderstood and can pose significant risks. A personal guarantee is an agreement of one party to answer for the debt, default or miscarriage of another. Director guarantees are a common type of guarantee, where the director of a company receives a […]

  • Separation and super

    Separation and super

    Superannuation forms one of a couple’s biggest assets. Splitting superannuation after a separation can become a complex process. Superannuation is treated as property under the Family Law Act 1975 (Cth). Once a relationship ends, superannuation can either by split by agreement or court order. Generally, parties will try to negotiate an agreement between themselves before […]

  • Government passes ‘fairer’ super changes

    Government passes ‘fairer’ super changes

    The Australian Government has recently passed what it is calling the ‘most comprehensive suite of superannuation reforms in a decade.’ The reforms include the introduction of a $1.6 million transfer balance cap, which places a limit on the amount an individual can transfer into the tax- free earnings retirement phase and the introduction of the Low […]

  • ATO releases new Taxation Determination

    ATO releases new Taxation Determination

    The ATO has provided further guidance regarding limited recourse borrowing arrangements (LRBAs) and when non-arm’s length income (NALI) rules apply to a related party LRBA. The Tax Office recently released a Taxation Determination (TD 2016/16) and updated its Practical Compliance Guideline (PCG 2016/5) to provide further clarification concerning the circumstances where a self-managed super fund (SMSF) […]

  • Adding children to a Super fund

    There are financial benefits to including children in a super fund, such as the increased pool of assets created over time that can allow for a greater diversification of assets. Parents may also choose to invite their children to join their super fund as it allows them to provide their children with a financial education on […]

  • Benefits of franking credits

    Benefits of franking credits

    Dividend franking turns 30 in 2017. Despite this, many are unfamiliar with the benefits franking credits can bring, especially to SMSFs. SMSF trustees who invest in Australian shares can benefit from franking credit refunds which can offset the fund’s expenses, such as tax payable. A franking credit, also known as an imputation credit, is the amount […]

  • Transition to retirement changes

    Transition to retirement changes

    With the Federal Government’s proposed changes to the transition  to retirement (TTR) pension to take effect from 1 July 2017, those with existing arrangements should review them to avoid impact on their retirement funds. Following changes in the 2016 Federal Budget, from 1 July 2017, transition to retirement (TTR) pensions will no longer receive a tax-free […]

  • Tax risks of the granny flat

    Tax risks of the granny flat

    Adding a granny flat to a property is becoming an increasingly popular option among homeowners and investors alike. While a range of granny flat scenarios and arrangements can provide additional living space and potential rental-income, consideration must be given to the various tax implications and financial ramifications before adding such a building to your property. Under […]

  • Succession planning for SMSFs

    Succession planning for SMSFs

    A mandatory component of managing a self-managed super fund (SMSF) is planning out what will happen to the fund if its trustee was to pass away. While succession planning may not be one of the first responsibilities that comes to mind when managing an SMSF, it is a necessity that can provide certainty and peace of […]

  • Aged care considerations

    Aged care considerations

    The decision to move into an aged care home is often a difficult one. With the loss of autonomy, and often the family home, it is an emotional time for the person moving and their family and friends. Planning ahead is essential to maintaining control and choice and minimising stress as there are a lot […]

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Level 16, Westfield Tower 2, 101 Grafton Street,
Bondi Junction NSW 2022

02 9387 4300