Transition to retirement income stream rules Before an SMSF starts paying a transition to retirement income stream (T.R.I.S. or) to a member, the member must have reached their preservation age. Preservation age – the new rules Preservation age is the minimum age that a member can access their preserved super benefits without satisfying another condition […]
Rise In the Preservation Age For Preserved Super Benefits Read More »
Australia is open for foreign investors … With more overseas entities and people coming to Australia to buy property, we hope this information will be helpful. Foreign persons should notify the Government and get prior approval to acquire an interest in certain types of Real Estate. An ‘interest’ includes buying Real Estate, but can also include
Foreign Investment In Real Estate Read More »
We are very pleased to be able to contribute to our community … W Wen & Co are proud to sponsor James Ruse Agricultural High School’s first prize in its Guessing Competition this year! First prize is a travel voucher to the value of $800 for travel and / or accommodation within Australia or New Zealand! Click
Capital gains tax concessions can be challenging to assess If you plan to apply capital gains tax (CGT) concessions against the sale or disposal of a small business asset such as property, shares, collectibles or precious metals, you want to make sure that you consult with an expert advisor before you take any action.
Specialised Advice For Small Business Capital Gains Tax Concessions Read More »
What Are Small Business Benchmarks? Small business benchmarks are financial ratios developed to help compare the performance of similar businesses in an industry. They: are representative of returns and activity statements in a given industry provide guidance on what figures the ATO would typically expect a business in a particular industry to report. Why the ATO uses
Small Business Benchmarks Updated By ATO Read More »
Recent amendments to trust account audits Amendments to the Property, Stock and Business Agents Act 2002, which commenced on 1 July 2013, change the way licensees will fulfill their responsibilities in relation to the auditing of trust accounts. New framework for trust account audits from 1 July 2013 The amendments provide a new framework for how licensees
Changes To Trust Accounts Audits Read More »