February 2017 Newsletter

ATO TO REPORT BUSINESS TAX DEBTS TO CREDIT REPORTING BUREAUS

From 1 July 2017 the ATO will be allowed to disclose tax debt information to Credit Reporting Bureaus.

To avoid being impacted by these new measures you should read our full article.

SMSF PROPERTIES – WHAT CAN AND CANNOT BE DONE TO THEM?

Are you looking at buying a property, whether it be residential or commercial or making any repairs or maintenance out of a SMSF?

If so, this article has the answers to those SMSF property questions.

PART 2 – ARE YOU READY FOR THE 1 JULY SUPER CHANGES?

As you know, changes to superannuation have now been passed in Parliament.  One change which we will go into details is the introduction of a $1.6 million transfer balance cap which limits the tax exemption for assets funding superannuation pensions.  This new limit will apply from 1 July.

To read the full article, please click here.  We have Superannuation specialists in our office who will be able to answer any of your super queries, so please call if you have any queries.

WE HAVE EXPANDED OUR AUDIT CAPABILITIES

We’re excited to announce the appointment last month of Kamal Thakkar as our new Audit Director.

Kamal is a registered company auditor, having worked for 20 year providing audit, assurance and related accounting services in both Australia and the UK.  His extensive experience includes auditing private and listed companies, not-for-profit entities, as well as public flotations investing accountant’s reports, due diligence, agreed upon assurance, internal audit and IT and foregnsic assurance engagement.

In addition to the traditional regulatory role that auditors play, Kamal aims to provide a “personal touch” to the provision of services by offering comprehensive assurance and related solutions that add value to his clients.

We have been very fortunate to find someone of Kamal’s calibre who shares our ethos of dedicated client service.  We’re confident that he will play a key role in our continued provision of high quality solutions for our clients.

QUOTE

“If opportunity doesn’t knock, build a door”.  

 Milton Berle