[smartslider3 slider=2] After your client dies, how does the accountant activate a Testamentary Trust? Taxing Testamentary Trusts Your deceased client may have had the foresight to provide their beneficiaries with the option of putting the inheritance into...
Division 7A vs Family Court – an unholy alliance against your private company Divorce is exhausting. Disentangling from your spouse’s financial affairs is traumatic. If you are lucky you grab your money and run. Unfortunately, that’s not the end of it. Div 7A...
Flexibility and control over your Employees – using Workplace Policies Labour laws are skewed in favour of the Employee. How can Employers retain control? The Employer often relies on a number of Workplace Policies. Workplace Policies are rules for Employees....
Breaking up is hard to do. What happens to your SMSF when you divorce? Mum and Dad love Self-Managed Superannuation Funds (SMSFs). There are over 500k SMSFs in Australia. We act for 4,600 accountants, lawyers and financial planners their average balance for their...
When you die with superannuation two questions arise: Firstly, who gets the money? How can you ensure it goes where you want and not where the trustee decides? Secondly, what tax is payable by the recipient? What steps can you take to reduce the tax burden on the...
Can a Unit Trust live forever? A Unit Trust is similar to a company. Each Unit gives an exact value of the interest in the Unit Trust’s underlying assets. Say there are two units in the Unit Trust. If you own one unit, you own 50% of the Trust’s assets. If you own...