Beware ATO actions to recover tax and superannuation debt
The ATO can take various actions to recover debts. The action taken is tailored to each individual situation and based on the circumstances, past behaviour and lodgment and payment history. read more
5 year provision to carry forward unused concessional superannuation contributions
If you don’t contribute up to the concessional contributions cap amount in a financial year, you can carry forward the shortfall to contribute in up to the next five financial years, on top of the $25,000 cap for each of those years. read more
Top 7 Questions on the Super Guarantee Amnesty
The Minister for Revenue and Financial Services announced a 12 month Superannuation Guarantee Amnesty on 24 May 2018. This Amnesty is intended to rectify historic Superannuation Guarantee (SG) compliance through offering employers an opportunity to correct any payment shortfalls without the usual hefty penalties involved. Below we answer the top seven questions being asked about the Amnesty. read more
It’s time to update your SMSF Trust Deed
Following the new superannuation laws that came into effect on 1 July 2017, all SMSF Trust Deeds should be updated so they remain compliant and continue to allow for optimum SMSF performance. read more

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