It's not strictly against any SMSF rules to run a business out of a super fund but you must be careful complying with the sole purpose test. A...
A loan to a member or a related party (i.e. a company of which you are a director) is considered an in-house asset. These assets cannot make up...
The auditor needs to satisfy themselves as to the existence of an asset and because the cash component is probably a material amount of the...
It's an interesting idea but the information you are providing is pretty sensitive. I'd be careful giving it out to a relatively unknown entity....
She definitely can but having multiple super accounts means you are paying duplicate admin and fees on those multiple accounts. A few Kgs of...
All kinds of tax issues there. On sale of the $10 options (which are not at market value due to the companies net assets) there's s CGT event...
When you get an annual tax statement from a managed fund (that is, a summary of your yearly income distributions from the fund) it is actually...
I found myself a polymer $5 note a while ago I put aside - just found it: DC 07088070 There's a few creases in it so I just put it aside. Don't...
I thought to be a radar it should read front to back including the 'year' first two decimals. I don't really know anything about notes but will...
I always thought the 7 ancient wonders of the world would make a great limited edition coin series.
What do you do zedstrange? Salary and wage? Job location? Do you have a home office?
As long as the account is in the correct name and the bank account is actually a trust account (that is an account for the superfund) it doesn't...
A side note to the above. Apart from the obvious things not to do (cash out of the till etc), I think there are a lot of positives and that set up...
Most of those deductions are borderline and probably would be disallowed if audited. Dinners out definitly not claimable. He would get in extra...
This is all in my own opinion and you need to seek independent advise etc. Buying a property without a loan in your SMSF is the same as...
The retail shop gets an allocation but they usually sell out pretty quickly for the very popular releases. Have to get there early and line up.
The most interesting part for me was a drop in interest rates from -0.25 to -0.75% Pay them to hold your money - I just can't understand that.
When you use actual numbers, the difference between 12% and 9.5% on $75,000pa is less than $2,000 a year. Over 40 years working life even if you...
In answer to the OP - Yes
Go here and put in the fund ABN. It will show the fund is a 'complying fund'. Print it and send it with the other information....
Separate names with a comma.