December 2019 Newsletter

Current as of 23rd December 2019
Volume 141

Our 50th Year comes to a close
After a very busy year, our 50th year in business is about to come to a close.

It has been a great year with some big changes and plans put in place for our next 50 years.  With a major premises upgrade and significant investment in IT upgrades we believe we are well positioned for the 2020’s.  We are sure you will see the benefit of the upgrades in the years to come.

As you may have read in earlier editions of S&W Insight this year, Bill Stanley started the firm 50 years ago this year.  Walking on the moon was not the only important event in 1969!

It would be remiss of use not to again thank all our clients for their unwavering support over the years.  Without you we would not have a business.  Also the associates and referral sources who have supported our business by having the faith to entrust their clients to us.  Last, but certainly not least, we have to thank our team who really are the engine room of our business and are the secret to the firm’s success.  They make us partners look good!

Just to remind you of our history, this link is to the short history of our firm that we included in the April newsletter.

We look forward to the next 50 years of Stanley & Williamson.  Hope you can continue to come along for the ride!

Do you provide services to your SMSF?
The government reintroduced its Treasury Laws Amendment (2018 Superannuation Measures No.1) Bill 2019 into Parliament a few months ago, which has recently been passed into legislation.

Our article goes into detail on what this means for trustees who may be providing financial services to their own fund.

Do you have a family trust with residential property in it?
In 2016 new rules were introduced in NSW to make “foreign persons” liable for surcharge purchase duty (an additional 8% stamp duty) on the acquisition of residential property in NSW, as well as surcharge land tax (an additional 2% land tax) for any residential property in NSW owned as at 31 December each year.

If you have a residential property held through a discretionary trust, please click here to read this full article.

Does salary sacrificing super affect your employer SGC responsibilities?
From 1st January 2020 salary sacrificed super contributions cannot be used to reduce the base on which employer super guarantee obligations are calculated, regardless of the amount the employee elects to salary sacrifice.

Our article looks at what you will need to do if you have salary sacrifice arrangements.

2019, That’s a wrap! 
The Partners and Staff celebrated the end of 2019 with a lovely dinner at Mode Kitchen & Bar at Four Seasons.

We would like to wish you a Merry Christmas and a profitable New Year!

Enjoy the break and come back refreshed and ready for the 2020 business year.

As in past years, we have not sent out Christmas cards. Instead, we have chosen to donate these funds to the Salvation Army to help those in need of support at this time of year.

We look forward to seeing you in the New Year. Our office will close at 5pm Monday 23 December and re-open on Monday 6 January 2020.

DISCLAIMER
THIS NEWSLETTER HAS BEEN PRODUCED BY STANLEY & WILLIAMSON AS A SERVICE TO ITS CLIENTS AND ASSOCIATES. THE INFORMATION CONTAINED IN THE NEWSLETTER IS OF GENERAL COMMENT ONLY AND IS NOT INTENDED TO BE ADVICE ON ANY PARTICULAR MATTER. BEFORE ACTING ON ANY AREAS CONTAINED IN THIS NEWSLETTER, IT IS IMPERATIVE YOU SEEK SPECIFIC ADVICE RELATING TO YOUR PARTICULAR CIRCUMSTANCES.

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