Asset valuation is a key component of preparing meaningful SMSF financial reports. The investment values adopted will directly impact the rate of return achieved and each member’s total superannuation balance. Reporting fund investments at market value on an annual basis is required to confirm that your SMSF has complied with relevant super law for: preparing […]
The budget fulfilled a promise by Prime Minister Scott Morrison at the last federal election that there would be no changes to superannuation taxes. There were no wide-ranging changes to the superannuation system announced and no mention at all of the scheduled increase in the superannuation guarantee contribution rate which is legislated to rise to […]
The Government announced today (7 August) that they will be changing two key points of the eligibility criteria for JobKeeper. These two changes are significant and we would expect they will allow more Victorian businesses and not-for-profits, in particular, to be able to access the ongoing JobKeeper support. The changes are designed to reflect the […]
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