What to consider when buying a car?

Current as of 29 April 2021 We are often asked about the best way to structure the purchase of a motor vehicle. The answer will be different for each individual or business, but the issues to be considered when making this decision is the same. To put you in the position to decide on the motor vehicle purchase, below we … Read More

Do I really need to update my fund’s trust deed?

Current as of 29 April 2021 Your superannuation trust deed along with the superannuation laws, form the governing rules that self-managed super funds (SMSFs) need to operate by. The introduction of the $1.6 million transfer balance cap (TBC) back on 1 July 2017 and new transition to retirement income stream (TRIS) rules were a ‘game changer’ for SMSFs when discussing … Read More

7 ways to protect and grow your wealth before the end of financial year

Current as of 29 April 2021 We have found when it comes to money, business owners face some common challenges: They are so focused on their business they forget to ‘throw money over the fence’ for their family. Whilst their business forges ahead their personal wealth gets left for dust. They are often under-insured, under-protected, under-diversified and under-invested in the … Read More

ATO to Report Business Tax Debts to Credit Reporting Bureaus

Current as of February 2017   From 1 July 2017 the ATO will be allowed to disclose tax debt information to Credit Reporting Bureaus. The new measure will only apply to businesses with an ABN that have a tax debt of more than $10,000 overdue by more than 90 days, where the taxpayer hasn’t effectively engaged with the ATO to … Read More

Service of the month – Valuations

Current as of 23 March 2021   Following on from previous editions of S&W Insight we are continuing to ensure our clients and associates know what we can do. With the continued bolstering of the capability in the firm, you may not be aware of services that we can provide, should you have the need. This month it is Valuations. … Read More

Can my SMSF invest in Bitcoin or another cryptocurrency?

Current as of 23 March 2021   Bitcoin, Ethereum, Litecoin just to name a few. The world of encrypted digital currency, commonly known as ‘cryptocurrency’ has been all the rage for quite some time, and most recently being the “in thing” for many SMSFs. So what exactly is cryptocurrency? In a nutshell, it is a virtual currency or online cash. … Read More

Post Jobkeeper Government Support Package

Current as of 23 March 2021   The existing Jobkeeper support program ceases on 28 March 2021. The Government has just announced a new $1.2 billion support package from 1 April 2021 to target the businesses, workers and regions still doing it tough. Whilst our economy had recovered 85% of its fall from Covid-19, the Prime Minister said the package … Read More

Do you export? If so don’t miss out on this incentive!

Current as of 23 March 2021   We have mentioned this in the past, but wanted to remind you of the NSW State Government incentive to export. The NSW Government last year introduced a grant aimed at assisting NSW businesses who are currently exporting or had exported prior to the effect of COVID-19, drought, or bushfires. The grant available caps … Read More

February 2021 Newsletter

Current as of 26 February 2021   What is changing with your Superannuation Transfer Balance Cap on 1 July 2021? The general Transfer Balance Cap ‘TBC’ which limits the amount that can be transferred into the tax-free retirement phase of superannuation will be indexed to $1.7m from 1 July 2021. The original single cap will no longer apply for everyone, … Read More

What is changing with your Superannuation Transfer Balance Cap on 1 July 2021?

Current as of 26 February 2021   From 1 July 2021, the general Transfer Balance Cap (“TBC”) which limits the amount that can be transferred into the tax-free retirement phase of superannuation will be indexed to $1.7m (previously capped at $1.6m). Recap – what is a transfer balance cap? Since 1 July 2017 there has been a cap of $1.6m … Read More