Archive for June 2016
Trust essentials.
Trust structures and their use can often be misunderstood – we demystify some of the jargon. WHY USE A TRUST? Trusts are commonly used to protect assets, as property and other assets that are held by a trust have a level of protection from creditors. A trust can also maintain an estate until a beneficiary…
Read MoreSMSFs: Individual or corporate trustee?
Nearly 80% of recently established self managed superannuation funds (SMSFs) operate under an individual trustee structure rather than a corporate trustee arrangement, according to the ATO. We examine the pros and cons of each form of trustee. BENEFITS OF CORPORATE TRUSTEE STRUCTURE Asset ownership Under an individual trusteeship, all SMSF assets must be in the…
Read MoreTop 7 tax tips for investors.
The end of the financial year is not all that far away. To help you to prepare for Tax Time, we provide our top 7 tips for your 2015-16 return. This list is not exhaustive, and we will need to review the items in light of your personal circumstances. Tip 1: Dividend Income We will…
Read MoreLast minute tax planning for individuals.
The current financial year is almost at an end, but there are still strategies you may be able to put into play to ensure you pay not one cent more tax than is necessary for your 2015-16 income year. The best tax planning is adopted in July, not June — that is, as early as…
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