The four critical shifts that determine whether family wealth endures. Most business owners spend decades building something valuable. However, the skills that created that wealth are different from what is needed to protect it. The pattern plays out differently for each family, but the fundamentals remain consistent: a business is sold resulting in an inheritance, or years of compound growth suddenly crystallise into significant […]
READ MOREThe 12 Month Business Advisory Roadmap: How Successful Business Owners Plan in Quarters
The 12 Month Advisory Roadmap: How Successful Business Owners Plan in Quarters Most business owners don’t have a planning problem. They have a timing problem. At Walsh Accountants, what we see far too often, is critical decisions being made too late, with incomplete information, and under unnecessary pressure. Tax strategies are rushed in June, structure reviews are […]
READ MOREUPDATE: Division 296 Legislation Has Passed the Senate
This article updates our previous commentary on Division 296, originally published on 27 October 2025. On 10 March 2026, the Division 296 legislation passed the Senate and now awaits the rubber-stamp of the Governor-General. It will then be law. Division 296 legislation will come into effect from 1 July 2026 and the first year affected […]
READ MOREDivision 296 Update: What the October 2025 changes mean for your superannuation.
Recent indications from the ATO and Government regarding Division 296 reflect a meaningful recalibration from the original draft framework. Walsh Accountants welcomes certain key pivots, while noting that the revised measures continue to present intricate challenges and planning opportunities for high-balance superannuation clients. Division 296 – Notable Improvements and Strategic Opportunities No tax on unrealised gains In […]
READ MORESMSF Checklist: 6 Key Steps for the 2025-26 Financial Year
The beginning of a new financial year in July is the perfect time for trustees of a self-managed super fund (SMSF) to review, plan, and set the stage for success. Proactive administration now can save you significant time and ensure you remain compliant and are maximising your strategy. Here are six key checklist items from […]
READ MORESMSF Management: What Trustees Can and Can’t Charge Fees For
How to Avoid Non Arms Length Penalties Self-managed super funds (SMSFs) offer a level of control and flexibility that many individuals find attractive. They allow you to take charge of your retirement savings, making investment decisions and even managing aspects of the fund’s operations yourself. However, with this autonomy comes a layer of complexity, particularly […]
READ MOREUnderstanding the Implications and Opportunities of the 1 July Super Cap Increase
From 1 July 2024, the amount you can contribute to super will increase. We show you how to take advantage of the change. The amount you can contribute to superannuation will increase on 1 July 2024 from $27,500 to $30,000 for concessional super contributions and from $110,000 to $120,000 for non-concessional contributions. The contribution caps […]
READ MOREUnleashing the power of SMSF with Commercial Property Investment.
In the realm of retirement planning, savvy business owners have a unique advantage to secure their financial future: via their Self-Managed Superannuation (SMSF) to purchase their business premises. Whilst any form of commercial or residential property investment via SMSF should provide a healthy return, this strategic move to purchase your own business premises not only […]
READ MORESecure Your Retirement: A Simple Guide to Choosing the Right SMSF Accountant
Selecting the right SMSF (Self-Managed Superannuation Fund) accountant is a critical decision that directly impacts your financial future. A qualified and experienced professional can become your trusted partner, navigating the complexities of SMSF regulations, streamlining administration, and optimising your returns. However, choosing the wrong accountant can lead to wasted time, resources, and potential penalties. This […]
READ MOREIndexation of SMSF transfer balance cap
The high level of inflation has meant that the transfer balance cap (TBC) will rise from July 2023. The Transfer Balance Cap (TBC) is the maximum amount allowed to be used to pay a member a pension. From July 2023, this will rise from $1.7 million to $1.9 million. Â This means that members that […]
READ MORE