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

Getting ready for General Purpose Financial Statements

Current as of 26 February 2021   In our December 2020 newsletter, we advised that for-profit private sector entities currently producing special purpose financial statements (SPFS) will have to prepare general purpose financial statements (GPFS) from 1 July 2021 (ie for years ending 30 June 2022). GPFS will be required for all for-profit private sector entities that: are required to … Read More

February 2019 Newsletter

Current as of 28 February 2019 Volume 135   Superannuation guarantee contributions amnesty – an update Back on 24 May 2018, the government announced a one-off opportunity for employers to self-correct past outstanding or unpaid superannuation guarantee (SG) without penalty. To date the Amnesty bill has not been enacted and, with the election coming up and the possibility of a … Read More

Corporate Tax Residency Update

  CURRENT AS AT 23 December 2020 In a previous article, we covered the impact of the Bywater case, as well as the ATO’s response to the case, on the determination of corporate tax residence. On 6 October 2020, the government announced that it will make technical amendments to clarify the corporate residency test in order to return the treatment … Read More

Covid19 in Australia

  CURRENT AS AT 23 December 2020 Due to our natural resources, weather, history and prosperity, we like to refer to our country as “the lucky country”.   While the current pandemic has brought its share of tragedies and certainly made it a very difficult year, compared to much of the world our luck has continued to be better than most. … Read More