prudentia, Author at Heathmont Financial Services - Page 27 of 33

ATO identifies SMSF contravention red flags

The ATO has identified certain red flags and problem areas with SMSFs that will attract its attention, ahead of tax time 2019.

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Investors brace for Brexit – deal or no deal

When people in the UK woke up on 24 June 2016 to the news that the country had voted to leave the EU (or "Brexit" as it is now commonly known), little did they know that 2.5 years later, the future of the UK's relationship with Europe would still be unclear. As debate and negotiation continue, what should investors do?

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When super isn’t compulsory

As Australia’s $2.8-trillion super system attracts even more headlines than usual, more people may mistakenly assume that almost everyone in the workforce is covered by at least compulsory contributions.

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Royal Commission report makes super fee recommendations

You can access the final report here.

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How Australia is performing.

An up-to-date snapshot of Australia's vital statistics. Please click on the following link to see all this interesting information. The areas covered are: Overview Markets GDP Labour Prices Money Trade Government Business Consumer Housing Taxes Climate Access all this data here. tradingeconomics.com

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Case law points to ‘growing importance’ of SMSF document chain

Another thing SMSF Trustees need to be aware of.

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Common BDBN ‘pitfalls’ flagged in wake of ASIC action

An industry law firm has identified some of the common traps with BDBNs that can land advisers and their clients in trouble. One example being a recent case of incorrect witnessing of binding nominations.

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3 tips for weathering the market’s bumpy ride

A very interesting graph comparing short term volatility with past long term reality.

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Part 4 – The major benefit of ‘behavioural coaching’

One important part of a planner’s job, and what adds real value, is being able to keep their clients focused when times are bad.

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Four tips for boosting your super balance

If you could add $61,000 to your super fund in 10 years, would you do it?

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New Year resolutions – New Year strategies

Here’s some good news for investors. With a few straightforward New Year resolutions and strategies, they can become better investors and better managers of their personal finances.

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Retiring in their 30s or 40s?

The stories about people who have embraced the FIRE — it stands for Financial Independence Retire Early — movement are fascinating.

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Admin, BDBN errors flagged for SMSFs this year

SMSF practitioners and their clients have been cautioned on some of the ongoing mistakes that continue to be made with documentation and some of the newer traps that have cropped up with the changes to superannuation.

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ATO targets non-arm’s length income – NALI

Following a series of ATO audits conducted on SMSFs in recent months, the ATO has been applying non-arm’s length income to a number of SMSFs resulting in serious tax consequences for these funds, warns an industry consultant.

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Verifying asset values in a SMSF.

ATO issues fresh warning on valuations after major cases.

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Your guide to smarter holiday reading

Given all of the talk about many Australians being apathetic about their superannuation, it seems counter-initiative that one of the fastest-selling books ever in Australia is about how to improve your personal finances.

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Australia – a comprehensive run-down of our vital statistics.

An up-to-date snapshot of Australia's vital statistics. Please click on the following link to see all this interesting information. The areas covered are: Overview Markets GDP Labour Prices Money Trade Government Business Consumer Housing Taxes Climate Access all this data here. tradingeconomics.com

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Global outlook summary: Down but not out

As the global economy enters its tenth year of expansion following the global financial crisis, concerns are growing that a recession may be imminent.

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Compliance, tax advice in strongest demand from SMSFs

While investment advice is the most valued by SMSF clients, compliance and tax are still the areas that SMSF trustees required the most assistance with, according to recent research.

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Franking credit policy to dent retirement savings by 15 per cent

Data analysis based on a 20-year time frame indicates that Labor’s franking credit proposal could reduce retirement savings by 15 per cent for SMSFs with an average balance.

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Hungry for income? Choose carefully.

When you are working or looking for a job, it’s only natural to think about the size of your paycheck. After all, you need to pay your bills, and it always helps to have a little extra.

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Information needed to be the BBQ expert.

Comprehensive statistics on how Australia is performing.

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Ranking of the world’s best: Taking it personally

You may have read about the latest ranking of Australia as one of the best countries for retirees in terms of lifestyle and retirement-income systems.

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The value of advice – Behavioural Coaching

Behavioural coaching is a major component in how a financial planner adds value to your portfolio.

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Our Advent calendar for 2018

On behalf of all our staff we wish our clients a Merry Christmas, Happy New Year and a great holiday period.

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Part 4 – The major benefit of ‘behavioural coaching'.

One important part of a planner’s job, and what adds real value, is being able to keep their clients focused when times are bad. However, this task is often made harder by the media’s apparent need to report things in their worst light. Negative, rather than positive, commentary always seems to be the norm and...

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The global financial crisis: Behind us but far from over

Ten years ago this month, Lehman Brothers, the fourth-largest US investment bank, filed for bankruptcy protection.

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‘Hefty penalties’ with TRIS payment failures, SMSFs warned

With clients who fail to pay the minimum pension payments for TRISs potentially up for illegal early release and significant penalties, SMSF practitioners have been urged to pay close attention in this area.

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ATO claws back $850m in unpaid SG in FY 17-18

Compliance activities undertaken by the ATO in the 2017-18 financial year saw the ATO raise around $850 million in unpaid super entitlements.

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Market downturns, like this one, are to be expected

It's been awhile since there's been a drop in the markets as sharp, broad and sudden as last week's.

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Author: prudentia

ATO identifies SMSF contravention red flags