Current as of 28 February 2019
CAN I BUY CRYPTOCURRENCIES IN MY SELF-MANAGED SUPER FUND?
Bitcoin and other cryptocurrencies have been around for many years but in recent months they have been in the news as their daily values go up and down more often than the highest rollercoaster in the world, The Kingda Ka in New Jersey.
So, whilst some investors have made gains on these virtual currencies, can they be purchased by a SMSF? Click here to read some important points to consider should you be thinking of diversifying your fund’s investment portfolio into cryptocurrencies.
MORE TAX SAVINGS FOR SMALL BUSINESS
From 1 January 2018, certain types of insurance for small business are no longer liable for stamp duty.
Do you qualify as a small business? The entity must:
- Be carrying on a business; and
- Have aggregated turnover of less than $2 million
For more information on these tax savings, please click here to read our full article or contact your client manager if you have further queries.
ARE YOU IN THE BUILDING AND CONSTRUCTION INDUSTRY?
If you are in the building and construction industry you will need to be registered with the NSW Long Service Corporation. (Other states have similar schemes).
The scheme is available to employees, employers and self-employed. It provides portable long service benefits for eligible workers in the building and construction industry.
To read the rest of our article, please click here.
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. Liability limited by a scheme approved under Professional Standards legislation.