You want to invest in property with your Superannuation Fund? As with any significant purchase, it’s likely you will have to borrow funds to purchase your property. SMSF borrowing involves obtaining a loan from a bank or a related party, and together with the SMSF’s existing funds purchasing a property, either commercial or residential. It’s […]
READ MORECOVID-19 and changes to your SMSF
The Coronavirus crisis has triggered a historical stock market plunge, lowering of interest rates and downward pressure on rent. This translates into massive financial pressure on self-funded retirees during a critical health crisis. The Government’s recent announcements to SMSF minimum drawdown and deeming rules are supporting retirees by potentially putting more money in their pocket […]
READ MOREEarly Release of Superannuation – COVID-19
As a part of the safety net stimulus packages, the government announced that individuals that are adversely effected by coronavirus (COVID-19) can look to an early release of their Superannuation and may be able to access up to $10,000 of their super before 30 June 2020 and another $10,000 from 1 July 2020 until 24 […]
READ MORERent Relief – Properties owned via SMSF
As we all feel the impact of the COVID-19 crisis, we are very fortunate that the Australian government has provided numerous stimulus packages aimed at helping businesses weather this storm. Along with other measures, loan holidays and rental reductions negotiated with banks and landlords will help and provide much needed cash flow. This includes rent […]
READ MORECrypto – Creditable or Kryptonite?
Low interest rates, government instability, flat bank stocks and threatened changes to franking credits have led to SMSF’s starting to look at chasing the higher returns of crypto-currency. So, is cryptocurrency a bubble waiting to burst or is it the future? Is Crypto a currency? The ATO has released several papers on crypto-currency and has […]
READ MOREAustralian Bushfires – Summary of initiatives to help individuals affected
The ongoing devastating bushfires that has ravaged south eastern Australia will leave an everlasting scar on the Australian landscape. Below is a brief summary of initiatives that could help address some of the tax issues that the fires have caused. Australian Bushfires – Kangaroo hopping in front of flames in NSW. Photo credit: news.com.au Tax […]
READ MOREWalsh’s Top 3 Productivity Tips
A quick google of ‘Productivity’ will lead you to an overwhelming avalanche of tips, tricks, hacks, and methods. But what really works? What methods are tried and tested? What small details, the 1 percenters that you could implement to improve your day to save out some extra time? To answer this I have looked to […]
READ MOREWhy go Corporate? Special Purpose Corporate Trustee for your SMSF
There are two main reasons why you should have a special purpose corporate trustee for your self-managed superannuation fund. Number 1: The 3 Ds – Death, Divorce and Dementia The future is uncertain but one thing that is certain is the avoidable impact of death, divorce and dementia or loss of capacity on a SMSF. […]
READ MORERelief from Excess Super Contributions
Protection from Superannuation Guarantee Charge for high income earners with multiple employees The government has introduced legislation which will prevent high income taxpayers with multiple employers from overpaying their superannuation contributions which results in an Excess Contributions Charge each year. This will be especially welcome for medical practitioners who often fall victim of this system. […]
READ MOREAustralian Financial Review Top 100 Accounting Firm 2018 AND 2019
We are very proud to announce that Walsh Accountants have been named on the Australian Financial Review Top 100 Accounting Firms for 2019 The second year since making our debut in 2018. Thanks to the Team at Walsh Accountants To say we are proud to be included on the Australian Financial Review Top 100 Accounting […]
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