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Apr 20, 2021 / News

Five reasons to check your super statements

Superannuation - every working Australian has an account but not all understand it. The legislation of compulsory super contributions was first introduced in 1992 by then Treasurer, Paul Keating. It aimed to solve the issue of retirement income for all Australians. Twenty eight years on, superannuation assets have grown to a massive $2.7 trillion, an incredible 1.5 times Australia’s gross domestic product. Read more

Superannuation


Apr 20, 2021 / News

Top 5 Strategies for Business Success in 2021

The events of 2020 affected our lives in immeasurable ways, with the impact on the economy and business sectors being profound. As we start the New Year and look forward to positive changes and economic recovery (already against a backdrop of political unrest in the US), we have collected our top 5 strategies for business success for 2021 by borrowing from some popular political quotes from a more inspirational period of US history. Read more

Business Consulting


Apr 20, 2021 / News

Don’t shoot yourself in the foot: Business sale contracts

Experience can be a great teacher. But it’s also desirable to not learn some things the hard way. That certainly applies when it comes to selling your business. Nobody knows your business better than you, but your Nexia advisor knows many businesses (including our own). Read more

Business Consulting


Apr 20, 2021 / News

Financial Reporting Developments - Autumn 2021

The Australian Charities and Not-for-profits Commission (ACNC) was established in 2012 as the national regulator of charities in Australia. At that time, the ACNC Act introduced financial reporting requirements for charities which varied depending on the size of the charity, where size was based on the charity’s total annual revenue for the relevant reporting period. Read more

Financial Reporting


Apr 14, 2021 / News

Indexation of the Transfer Balance Cap

The All Groups CPI figure for the December 2020 quarter has triggered upward indexation of the general transfer balance cap (TBC) and any unused part of an individual’s TBC (or “cap space”) from 1 July 2021. This sounds like good news, but the bad news is that the indexation system to be used for any individual’s cap space is so complex that it may lead to errors and unintentional breaches of the TBC rules. Read more

Superannuation


Apr 14, 2021 / News

Non Arm’s Length Income (NALI) & Non-Arm’s Length Expenditure (NALE)

One of the benefits of holding investments through a complying superannuation fund is the concessional tax rates of 15% on income and 10% for capital gains (where the asset is held for longer than 12 months) or 0% after the retirement phase pension commences. Read more

Superannuation


Apr 14, 2021 / News

Your Future, Your Super Legislation Introduced

In our Superannuation Solutions Newsletter edition 8, we explained the changes to the superannuation system announced by the Federal Treasurer in the publication Your Future Your Super. The legislation to implement these changes has now been introduced into Federal Parliament as the Treasury Laws Amendment (Your Future, Your Super) Bill 2021. We take this opportunity to outline two important aspects of the draft legislation. Read more

Superannuation


Apr 13, 2021 / News

Health Industry Outlook

After a year of global upheaval to many industries including healthcare, now more so than ever is the time to evaluate the performance and the sustainability of your practice going forward. Change has been rapid throughout the COVID-19 pandemic. The government response and stimulus packages were critical in keeping the economy afloat during the lockdowns implemented at the peak of the pandemic in Australia. Read more

Business Consulting / Healthcare


Apr 13, 2021 / News

Establishing a Successful Wine Business

The wine industry is an exciting and fast-moving industry, but starting in the industry without sufficient planning and appropriate advice can be detrimental to the wine entrepreneur no matter how great the wine is. Read more

Business Consulting / Wine and Viticulture


Mar 19, 2021 / News

FBT Year End Planner - Ideas and possibilities for your business

Ideas and possibilities for your business Read more

Business Consulting / FBT / Taxation


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