Welcome to our Spring newsletter. September means it’s football finals season and hopefully the beginning of warmer weather despite the recent late winter chill. In August, the focus was on US Federal Reserve chair Jerome Powell’s speech at the annual Jackson Hole business gathering on August 26, and he was blunt. To hose down talk […] Read More
Blog
Welcome to the Accounting Evolution blog space. Here we aim to keep you informed – always, and entertained – where possible (it is tax and accounting after all), with selected content designed to keep you abreast of changes, trends, new products and anything else of interest in the world of Tax and Accounting. If you want to know what’s happening, come back regularly to the Accounting Evolution blog pages.
Spring 2022
Welcome to our Spring newsletter. September means it’s football finals season and hopefully the beginning of warmer weather despite the recent late winter chill. In August, the focus was on US Federal Reserve chair Jerome Powell’s speech at the annual Jackson Hole business gathering on August 26, and he was blunt. To hose down talk […] Read More
August 2022 Newsletter
It’s August and as winter draws to a close there’s snow in the Alps and the wattle is blooming. Many Australians will soon receive a sizeable tax refund, if they haven’t already, which should help ease those rising cost-of-living blues. Rising inflation and interest rates were the focus of attention in July. The US Federal […] Read More
Winter 2022
June has arrived and so has winter, as the financial year draws to a close. Now that the federal election is out of the way, it’s time to focus on planning for the future with more certainty.Cost of living pressures, inflation and interest rates were major concerns in the lead-up to the May federal election. […] Read More
May 2022 Newsletter
Welcome to our May newsletter, and while the weather is cooling the economic and political landscape is heating up. All eyes are on interest rates as the federal election campaign shifts into top gear ahead of the May 21 polling day. The economic event that overshadowed all others in April was the release of the March […] Read More
Borrowing for property investment
Purchasing property through SMSF lending is becoming increasingly popular, however the requirements and restrictions around the borrowing strategy can be quite stringent. Read More
Maximising your current superannuation benefits
Pre-budget speculation around changes to Australia’s current superannuation rules and tax concessions may be a cause for concern among some taxpayers. Read More
The Sole Purpose Test
Individual trustees and directors of self-managed super funds (SMSF) take on a number of significant responsibilities and obligations when running their fund. Adhering to the sole purpose test is one of the most fundamental superannuation rules all trustees must follow to avoid facing serious penalties and to ensure their SMSF remains eligible for the tax concessions normally available to super funds. Read More
When an SMSF member becomes bankrupt
Australia's SMSF sector has experienced tremendous growth over the past decade, with a vast majority of funds now being set up with two members, usually a husband and wife or de facto couple. Read More
SuperStream deadline
The ATO is urging small business owners to adopt the SuperStream standard before the impending 30 June deadline. Read More
