by MRG Redshaw | Oct 26, 2020 | Alerts, Business Solutions, Small Business, Superannuation
Following the end of the legislated Superannuation Amnesty Period which ran to 7 September 2020, the ATO released a draft Practice Statement (PS LA 2020/D1) to provide guidance to ATO staff in relation to Part 7 penalties on late Superannuation Guarantee Charge (SGC)...
by MRG Redshaw | Apr 4, 2020 | COVID-19 Support, Superannuation
SMSF landlords wanting to provide temporary rent relief for tenants suffering economic hardship due to the COVID-19 crisis can now do so without fear of the ATO taking adverse action, as long as it is reasonable and measured. There are no limitations on how an SMSF...
by MRG Redshaw | Mar 27, 2020 | Announcements, Business Solutions, COVID-19 Support, Small Business, Superannuation, Tax
With the release of the second Government Stimulus Package and the Queensland Government’s Rescue Package this week, we thought you would benefit from an updated summary of all of the support available for your business during this challenging time. The first...
by MRG Redshaw | Jan 24, 2020 | Superannuation, Tax
The maximum concessional (or tax deductible) contributions an eligible individual can make each year without breaching the cap amount is $25,000. Many salary or wage earners will not reach this level. Salary sacrificing additional superannuation contributions offers...
by MRG Redshaw | Nov 1, 2019 | Estate Planning, Superannuation
In recent years there have been increasing incidents of family members successfully challenging Binding Death Benefit Nominations (BDBN) via the Courts. In other words, the superannuation benefits have been distributed in a way other than the way the deceased...
by MRG Redshaw | Feb 26, 2019 | Superannuation
What is a BDBN? A Binding Death Benefit Nomination (BDBN) is a legally binding nomination that allows a member of an SMSF, to advise the Trustee as to whom they want to receive their superannuation entitlements in the event of their death. The nomination must be valid...
