Money concerns are keeping a lot of people up at night right now. While stress isn’t good, these can be powerful motivators to look at how you’re doing financially and where you want to be.
Time is up for non-compliant businesses, with the ATO promising to chase and penalise businesses who are not paying super guarantee entitlements to employees.
The Federal Government made a number of changes to superannuation in its recent budget. Here’s how they will impact small businesses.
We’ve recently added three new people to the team at ATB partners.
The ATO will be scrutinising all Covid-19 super drawdowns, – anyone who doesn’t meet the criteria will be fined.
Most SMSFs will be concerned with what’s happening with investments right now. But in fact, it is a great time to review your investment strategy, because for savvy investors there are opportunities in the markets.
Enabling the early release of funds is a sensible safety net that’s been offered by the Federal Government for anyone in financial hardship right now. But tapping into your super is a decision that needs very careful consideration.
Adding another, younger, person to your self-managed super fund can be a beneficial strategy for some SMSFs.
With so much information available at the touch of a button, many people think they can forgo the professional fees associated with financial planning advice, and just manage their money and investments themselves. But it can be costly if you don’t know what you’re doing.
The ATO has begun sending ‘nudges and warnings’ in relation to Superannuation Guarantee obligations. Here’s what it means for small businesses in Australia.